Bank of Canada's Job is Getting Tougher as Data Rolls In
Dow Jones
Yesterday
1038 ET - The Bank of Canada is in a very difficult position since the conditions of the economy still merit some degree of accommodative monetary policy but inflation risks are rising, KPMG Canada's Daniel Hyun says. A second straight month of job losses last month makes his call for a December interest rate increase a more difficult one, he adds. The economist continues to anticipate a quarter percentage point increase, saying that as bad as the September labor data was it is notoriously volatile and the central bank is faced with threats to inflation and demands for credibility.
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