Friday, September 16, 2022

PM BELIEVES NEW SPENDING WON'T DRIVE INFLATION

   Trudeau’s assurance that new spending wouldn’t drive inflation prompted Scotiabank to argue against the prime minister’s claims.
   “It seems sensible to assume that this will add to pressures on measures of core inflation,” economist Derek Holt told investors.
  “Any belief that it will ease inflationary pressures must have studied different economics textbooks.”

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