Ted Carmichael
Ted Carmichael
march rate
We think there's going to be two more rate hikes. One in March and then another in April.
fourth good quarter
We had a very good fourth quarter for employment.
above bank core cost data dilemma facing further half inflation labor likely monetary percent point pressures push reduction rising second target
The data point to the dilemma facing the Bank of Canada. Rising economy-wide labor cost pressures are likely to push core inflation above the 2 percent target in the second half of 2006, implying a need for further reduction in monetary stimulus.