Economics
The Bank of Canada Shows It's the Federal Reserve of the North
- Poloz follows Yellen template for first rate hike since 2010
- Tightening comes even as measures of core inflation soften
Bank of Canada Shows It's the Fed of the North
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A North American central bank hiking rates in the face of strong job growth and deteriorating core inflation rates, citing temporary factors for the drop-off in price pressures.
No, it’s not Janet Yellen’s Federal Reserve -- it’s Stephen Poloz’s Bank of Canada.