Inflation hit a new three-decade high in January, heaping more pressure on the Bank of Canada to raise interest rates for the first time since the pandemic started. The consumer price index rose 5.1 per cent in January from a year earlier, accelerating from December’s pace of 4.8 per cent and marking the first time since 1991 that inflation has surpassed 5 per cent, according to Statistics Canada. It was the 10th consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent. (Globe and Mail) Here are some experts from McGill University that can provide comment on this issue: Canadian economy and Bank of Canada Moshe Lander, Course Lecturer, Department of Economics “The current inflation that Canada is experiencing is transitory in nature and supply side-driven, due to the perfect confluence of COVID-19, natural disasters, supply-chain disruptions and rising global tensions. Most inflationary pressure usually originated in the demand s
The Western Illinois University 2022 Distinguished Faculty Lecturer Political Science Professor Julia Albarracín (pronounced Who-lee-ah Al-bare-ah-seen) will present "Creating Conspiracy Beliefs: How Our Thoughts are Shaped, based on her 2021 book of the same name, live on WIU s YouTube channel at 7 p.m. Wednesday, March 23.
The cost of just about everything in Canada was more expensive in September, pushing headline inflation to its highest in almost two decades and complicating the Bank of Canada’s plans to keep interest rates pinned near zero until well into 2022. Prices are being driven higher around the world by an extreme mismatch between supply and demand. Suppliers are now scrambling to catch up, clogging ports and other transportation lanes that are dealing with their own pandemic-related issues. (Financial Post) Here are some experts from McGill University that can provide comment on this issue: John Gradek, Faculty Lecturer, School of Continuing Studies “When images of empty store shelves and container ships in queues off major ports become ubiquitous, something is definitely amiss in supply chain design and execution. To better understand the root causes of these unsettling and persistent glimpses of chaos, one must examine the purchasing behavior of the consumer and the subsequent product
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