Reported 1 day ago
Bank of Canada Governor Tiff Macklem has expressed skepticism about the reliability of the central bank's core inflation measures, suggesting that underlying price pressures may be cooler than indicated. Despite recent inflation data showing increases, Macklem indicated that broader metrics suggest prices are stabilizing around 2%. He plans to review these measures in the upcoming framework renewal, with some economists arguing that inflationary pressures remain significant, particularly from shelter costs.
Source: YAHOO