Sept18: Prof. Eric Kam, has food inflation peaked?
The Roy Green Show · Global News / Curiouscast
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Show Notes
The Canadian economy. Inflation (has food inflation peaked?). - BoC interest rate hike and the Bank of Canada is losing money for the first time ever on rising rates: "we expect the Bank's net interest income to be negative when our 3rd quarter results are published on November 29." Impact of Canada's central bank losing profitability? - What next as far as interest rates are concerned? - another 75 basis points interest rate hike this month from the BoC means what to homeowners and consumers? - Ottawa will spend several billion to help low income Canadians. 6 month sales tax rebate will cost $2.5 billion and assistance for low income renters will cost about $700 million. Impact of this government spending? Government insists it won't fuel inflation. - Impact of falling housing prices? and more as 2022 begins to wrap up.- How might an energy crisis in Europe this winter affect Canada?
Guest: Professor Eric Kam. Professor of macroeconomics, Toronto Metropolitan University.
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