Bank of Canada can focus on inflation as threat of credit crisis recedes

We tend to forget, but Governor Stephen Poloz cares almost as much about avoiding a financial crisis as he does about keeping inflation at two per cent, which is the central bank’s mandate.

“The vulnerabilities associated with high household debt and imbalances in the housing market have declined modestly but remain significant,” the FSR concludes. Poloz and his deputies on the governing council raised their benchmark interest rate a quarter point to 1.75 per cent in October and most on Bay Street expected a few more over the months ahead. But weaker consumer spending and a sharp drop in home sales, combined with the big drop in oil prices, forced the central bank to the sidelines when officials next considered interest rates in December.

Election coming lmao liberals plan to run on economy so numbers need to look good this will be the biggest mistake they have made message to liberals Canadians r not dumb we aren't buying what u r selling

Just last month we were all $200 away from being broke. What changed? The Alberta_UCP isn’t that quick at fixing Canada.

Thanks trudope!!!!!!

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