Description: Economist Armine Yalnizyan says the kinds of inflationary pressures that exist today make it extremely difficult for the Bank of Canada to tame inflation to about 2 per cent through interest rate hikes.
Source: CBC.ca – video report
Date: Jan 26, 2023
Questions for discussion:
- Summarize the key points made by Armine Yalnizyan in the report.
- Given her analysis, what should the bank of Canada and the government of Canada be doing instead of raising interest rates?
- Do you agree with her analysis and recommendations?