Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

chemgear · 04-18-2024, 04:05 PM

https://financialpost.com/news/econo...nflation-fight

Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult.

“It — along with the provincial budgets — is really not very helpful to the Bank of Canada in terms of dealing with inflation,” Dodge said Thursday in an interview on BNN Bloomberg Television. “That’s unfortunate.”

“It’s these young voters that are going to be saddled with the debt going forward,” he said.

Credit rating firm DBRS Morningstar said the spending boost may be “counterproductive” as the Bank of Canada tries to bring inflation back to its two per cent target.

04-18-2024, 04:05 PM	#11902
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://financialpost.com/news/econo...nflation-fight Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult. “It — along with the provincial budgets — is really not very helpful to the Bank of Canada in terms of dealing with inflation,” Dodge said Thursday in an interview on BNN Bloomberg Television. “That’s unfortunate.” “It’s these young voters that are going to be saddled with the debt going forward,” he said. Credit rating firm DBRS Morningstar said the spending boost may be “counterproductive” as the Bank of Canada tries to bring inflation back to its two per cent target.