TROIS-RIVIERES, Quebec (Reuters) – Inflation risks in Canada remain tilted to the downside as the economy takes time to adjust to the oil price shock and awaits a boost from fiscal stimulus and the U.S. economic recovery, a senior Bank of Canada official said on Thursday.
Pointing to material slack in the economy and continued uncertainty among businesses that has hampered investment, Senior Deputy Governor Carolyn Wilkins said there had been progress in the nation’s economic adjustment, but also some setbacks.
“The Bank is providing monetary stimulus in order to meet its inflation target. The adjustments are clearly under …
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