Back to Blog

Inflation may not be the gauge with rite hikes moving forward

General Angela Calla 25 Oct

Finance Minister Jim Flaherty confirmed he is working on a more explicit inflation mandate for Canada’s central bank, a move that comes as Canadians are increasingly paying more for everyday needs.

Speaking with reporters after Statistics Canada reported on Friday that the core inflation rate has climbed to 2.2 per cent – its highest level in nearly three years – Mr. Flaherty responded to the news by saying he’s more concerned about growth and jobs.

Read More

Call the Angela Calla Mortgage Team 604-802-3983 to see how we can help you with your mortgage or tune into The Mortgage Show Saturdays @ 7pm on CKNW