Inflation is holding steady at 2% — but the Bank of Canada says more volatility is coming. Here's what to do
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The Bank of Canada has warned that more economic volatility is coming, despite inflation holding steady at 2%. The central bank's Senior Deputy Governor, Carolyn Rogers, highlighted several structural forces that will impact Canada's economic health, including oil price shocks and slowing population growth.
The Bank of Canada has warned of upcoming economic volatility. Inflation is currently at 2%, but the bank expects this rate to rise due to higher gas prices and tariffs. The bank's Senior Deputy Governor, Carolyn Rogers, outlined several factors that will impact Canada's economy, including oil price shocks and slowing population growth. The bank has widened its measures to track underlying inflation. The annual inflation rate cooled to 1.8% in February, but is expected to rise in the coming months.
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