Current policies of the Bank of Canada and the Trudeau government could increase and prolong Canada’s annual inflation rate — now at 4.7% and already at its highest level in 18 years — according to a new study by the Fraser Institute.
“If central banks want to ensure that today’s higher inflation rate is transitory, they need to stop injecting unprecedented amounts of money into the economy and return to a more measured monetary policy,” said Steven Globerman, professor emeritus at Western Washington University and co-author of the report, The Outlook for Inflation and Its Links to Monetary Policy.
