BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s

MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said Thursday. In a speech in Montreal, Bank of Canada deputy governor Toni Gravelle said there has been a “perfect storm” that has helped boost inflation as … Continue reading BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s