Throwing more gasoline on the fire, will need even more hikes.
https://www.bnnbloomberg.ca/trudeau-...rees-1.1818269
Economists had already begun to warn Trudeau against measures that could worsen inflationary pressures. Since last week, three of the country’s largest commercial lenders -- Canadian Imperial Bank of Commerce, Bank of Montreal and Bank of Nova Scotia -- have released reports expressing concern over using revenue windfalls for additional spending.
Scotia doubled down on its criticism Tuesday. “It seems sensible to assume that this will add to pressures on measures of core inflation,” economist Derek Holt said in a report to investors. “Any belief that it will ease inflationary pressures must have studied different economics textbooks.”