Carl Gomez High Quotations

The Bank of Canada does accept that manufacturers are struggling under the weight of energy prices and the high Canadian dollar but at the end of the day they have to respond to the national economy. The bank still has enough of a case to keep hiking rates.

With higher auto prices helping to offset the usual price discounting seen in other categories like clothing in December, the annual rate of core inflation is expected to move up to 1.7 per cent during the month.