Thanks for the interest rate hike, Vancouver Olympics

by Rod Edwards on March 19, 2010

However, analysts note the inflation data come with a caveat as the Winter Olympics in Vancouver drove up prices in some key categories.

The consumer price data, combined with robust retail sales figures for January, has likely set off alarm bells at the Bank of Canada, economists say, as to whether the central bank can keep its conditional pledge to maintain its target rate at 0.25% until July.

via Inflation surprise spurs rate speculation.

{ 1 comment… read it below or add one }

real conservative 03.20.10 at 8:57 am

Sure you still don’t have that two week glow going? Maybe like most of us mortal human Canadian taxpaying slaves you didn’t get an invite to the biggest brashest party this country has seen in decades.

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