David Dodge appeared live on BNN Bloomberg to discuss the Bank of Canada's latest interest rate increase and Bennett Jones Fall 2022 Economic Outlook.
On interest rates, David says that the Bank of Canada has gotten rates up to a point where they're having an impact, but it is not yet clear how much. On taming inflation, he says the direction of the central bank will depend on how sticky wages and prices will be in response to ending excess demand.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.