The Globe and Mail
JOEL SCHLESINGER
Published January 12, 2021
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Record low interest rates, unprecedented government stimulus and a healing global economy could be a recipe for the return of inflation.
“While inflation remains very low, conditions for an eventual uptick may well be building,” says Scott Clayton, a Toronto-based senior researcher with TSI Network, a Canadian equities research firm that publishes newsletters for retail investors.
The U.S. Federal Reserve has indicated it will likely let inflation run above its traditional 2 per cent target before hiking rates, while the Bank of Canada has hinted it’s unlikely to raise rates for a couple of years.