The Federal Reserve has been positive about the performance of the Canadian economy in terms of recovering from the problems caused by the Omicron variant. “Housing costs are proving resilient and are expected to be further strengthened by the removal of public health restrictions,” he says. “Real estate activity is high, which adds more pressure to home prices. First-quarter growth is now firmer than previously expected“.
On the contrary, the rise in prices is worrying. “CPI inflation is currently at 5.1% as expected in January and is above the bank’s target limit – he points out. Inflation has become more widespread and all major inflationary measures have increased. Poor harvest and rising transport costs have pushed up food prices. Ukraine’s invasion puts further upward pressure on both energy and food prices.
(Teleforza) 02-03-2022 17:18