The Bank of Canada Needs to Nurture those Green Shoots of Recovery
To encourage new growth in the Canadian economy, the Bank of Canada should be actively irrigating financial markets with a growing money supply. Recovery needs support from the continued credibility of the Bank’s 2 percent inflation target – but there are signs that this credibility is fading over short time horizons, dampening low interest rates’ positive effect on spending.
|Date of creation:||Apr 2009|
|Date of revision:|
|Publication status:||Published on the C.D. Howe Institute website, April 2009|
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