Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

(MNI) OTTAWA
OTTAWA (MNI)

Canada’s budget met its goal of making sure new spending is modest enough to prevent the Bank of Canada from raising interest rates again to control inflation, former senior finance department official Mostafa Askari told MNI.

Most of the spending comes towards the end of the five-year plan Finance Minister Chrystia Freeland presented Tuesday, according to Askari, now chief economist at the University of Ottawa’s Institute of Fiscal Studies and Democracy.

Keep reading...Show less
435 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Canada’s budget met its goal of making sure new spending is modest enough to prevent the Bank of Canada from raising interest rates again to control inflation, former senior finance department official Mostafa Askari told MNI.

Most of the spending comes towards the end of the five-year plan Finance Minister Chrystia Freeland presented Tuesday, according to Askari, now chief economist at the University of Ottawa’s Institute of Fiscal Studies and Democracy.

Keep reading...Show less