Home Economy Canada’s inflation fight could come at high cost

Canada’s inflation fight could come at high cost

by Gabriel Friedman

Episode 158 of Down to Business podcast

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As inflation soars to near four-decade highs, raising the price of everything from gasoline to food, the Bank of Canada, and other central banks are raising interest rates faster than anyone could have predicted in an effort to cool the economy.

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This week on Down to Business, Benjamin Tal, deputy-chief economist at CIBC World Markets, and James Orlando, director and senior economist at TD Economics, discuss inflation, interest rates, the chances of a recession and the housing market.

Higher interest rates cause monthly mortgage payments to go up, and so some people say the housing market may see a correction. But are there any structural changes afoot that would result in long-term shifts in the housing market?

Meanwhile, will higher interest rates cool inflation but end up causing a recession? Find out on this week’s episode.

  • Down to Business is taking a three-week hiatus with more new episodes starting again on July 27.

Listen on Apple Podcasts, Spotify, Stitcher and YouTube where you can also subscribe to get new episodes every Wednesday morning.

If you have any questions about the show, or if there are topics you want us to tackle, email us: downtobusiness@postmedia.com.

• Email: gfriedman@postmedia.com | Twitter:

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