Added: Jt Lesh - Date: 27.10.2021 00:51 - Views: 49251 - Clicks: 4758
Deputy Governor Lawrence Schembri said the Bank of Canada is closely monitoring the expansion in economic capacity, with the economy now operating close to potential. More rate hikes are expected this year.
While the Great Recession had a severe impact on potential output, strong demand in an economy near capacity has spurred business investment, corporate growth and improved job market conditions, which are repairing that damage, Schembri said. up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
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