BoC Governor calls on glum forecasters to remain calm

OTTAWA (CU)_Over the recent weeks, economic forecasters and investors and in Canada have turned glum, amid reports about stagflation, as price indexes surge to record levels despite slow economic growth. In the month of August, Canada’s consumer price index (CPI) increased 4.1 per cent, way beyond the central bank’s comfort zone of one to three per cent. Meanwhile, expansion in gross domestic product (GDP) this year will be unable to reach the estimated…

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