“Everything we’re doing right now – since the beginning of this pandemic – with fiscal policy, monetary policy is experimental. We’ve never done this before, we’ve never come out of a pandemic before”
Another voice has been added to the chorus of calls for the Bank of Canada to raise rates next week.
Applications for U.S. state unemployment insurance unexpectedly rose for a third week to the highest since mid-October, suggesting that the omicron variant may be leading to dismissals.
We remain focused on the Bank of Canada’s upcoming rate decision.
Statistics Canada says wholesale sales rose for a fourth consecutive month in November, helped by gains in the building materials and supplies, and miscellaneous products subsectors.
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