The recent rise in inflation prompted the Bank of Canada to take a slightly more hawkish stance in its policy statement last week. At 1.5% in January, inflation is still well below the mid-point of the Bank's 1% to 3% target range. But the dollar's decline and rising mortgage interest costs mean that inflation should rebound to 2% by early next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services