Is the Bank of Canada willing to risk a recession to tame inflation?

Philip Petursson |

Philip Petursson, Chief Investment Strategist for IG Wealth Management, says monetary policy is not an exact science. It’s more like filling a bathtub with hot and cold water to try to reach the perfect temperature. The Bank of Canada’s recent 1% interest rate hike was more like dropping a block of ice into the bathtub. Listen in as Philip discusses whether weaker economic growth may be a side effect of the BoC’s determination to tame inflation.

 

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