Lates News

Canadian central bank Governor Macklem: The March CPI will reveal for the first time the impact of energy prices. A bigger concern is the rising medium to long-term inflation expectations. Not particularly worried about recent CPI expectations. There is still "significant uncertainty" regarding the ongoing impact on oil tanker transportation. He does not want to raise interest rates too soon, but is aware of the related risks. High energy costs are squeezing consumer and business investment. Will not allow rising energy prices to sustained inflation.