Economists, Bank of Canada say Canada ‘not immune to spillovers’ amid recent banking turmoil
April 13, 2023
April 13, 2023
Advocacy
The Bank of Montreal’s chief economist Douglas Porter says markets are ‘incredibly good’ at discovering areas of weakness, and that he ‘wasn’t sure we’ve seen the end of this.’
And as inflation numbers start to move down, wages are going up, said Drummond. “It’s not a real clear picture, but we’re generally moving into a three to five per cent range of wage increases, with productivity growth of only one per cent—there’s a source of inflation that’s getting baked in,” said Drummond.
