Financial Post: Bank of Canada says runway to soft landing getting ‘narrower’ as it holds interest rates again
Andrew DiCapua, a senior economist at the Canadian Chamber of Commerce said the rate hold and statements from the central bank are a clear signal that monetary policy is working to slow the Canadian economy, with interest rates at the highest level in two decades.
Ottawa Business Journal: Strong sales but lower profits for many local businesses, retail reports suggest
Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the picture, experts agree.
Global News: ‘Unsettling news’ What inflation’s uptick means for the Bank of Canada
Andrew DiCapua, senior economist at the Canadian Chamber of Commerce, tells Global News that the central bank will have a tough job trying to avoid tilting the economy into a recession while ensuring it tamps inflation all the way back down to two per cent – the coveted “soft landing” scenario.