Why all the talk around rising interest rates in Canada?
Dominion Lending Centre’s chief economist Dr. Sherry Cooper says some economists may want to take into consideration one of the glaring weaknesses in Canada’s battle against COVID-19 before getting too ahead of themselves.
“One of the biggest reasons [the Bank of Canada] can’t raise rates this year is the vaccine rollout debacle,” Cooper said. “There is no way everyone who wants a vaccine will get one by September, as the Prime Minister has promised.”
Original Article Source Credits: Dominion Lending Centres , https://dominionlending.ca/
Article Written By: Sherry Cooper
Original Article Posted on: February 5, 2021
Link to Original Article: https://dominionlending.ca/economic-insights/why-all-the-talk-around-rising-interest-rates-in-canada