By “Even with the windfall from higher oil prices flowing into the terms of trade, the economy needs to demonstrate that it can generate sustained, broad-based growth before the Bank of Canada can justify tightening,” said Karl Schamotta, Corpay.
We’re not going to see rates climb that aggressively at the front-end of this cycle: Karl Schamotta
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss the market reaction to inflation figures. He says that a sell-off in the market is to be expected as investors anticipate an interest rate hike to address rising inflation.
Canada's inflation rate rises to new 30-year high of 4.8% January 19, 2022
The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991. CBC's panel will discuss what it means for your bottom line.
