The Mandate for control
Oy vey!

Money printer pauses

The Bank of Canada can't ignore reality forever:

The Bank of Canada says it expects inflation to be higher than it originally thought and suggested an interest rate hike could come sooner than expected. [...]

The Bank of Canada says inflation appears to be less temporary than it originally thought.

Less temporary! Yeah, that means prices are going to increase a lot more in the coming months. The pain isn't over.

The article has been up for over an hour and we still have this:

The real GDP growth forecast was lowered a percentage point to 5.1 in 2021, and by 0.3 percent in 20022 to 4.3 per cent 2022.

Come on, man! Fix those basic errors.


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