Inflation Expectations Are at a 20 Year High in Canada and the BoC Isn't Budging

Consumer inflation expectations are at a 20 year high and the Bank of Canada continues to push back saying they won't raise interest rates until mid 2022 at the earliest. Meanwhile, business are expecting to push prices up next year near 5%. The Omicron variant is being used an excuse to hold firm. Meanwhile, the national housing market continues to rip, creating systemic vulnerabilities.Listen to The Loonie Hour on your favourite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469#TheLoonieHour #Macroeconomics #PersonalFinanceCanadaSee omnystudio.com/listener for privacy information.

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