Bank of Canada should stop hiking interest rates now: Benjamin Tal

Watch: CIBC deputy chief economist says more rate hikes will cause a recession

Published Jul 23, 2023  •  Last updated 2 hours ago  •  Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa. Photo by DAVE CHAN/AFP via Getty Images files

Benjamin Tal, deputy chief economist at CIBC, talks with the Financial Post’s Larysa Harapyn about the latest inflation data, the impact on the Bank of Canada‘s next interest rate decision, why he thinks the central bank has started overshooting with rate hikes and why more will cause a recession.

Recommended from Editorial

Here’s what could send the Canadian dollar higher in 2023

Risks to taking financial advice from AI

Bank of Canada will hike interest rates one more time: CIBC

Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts. Check out the latest episode below:

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

REGISTER TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors.

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/news/economy/bank-of-canada-stop-hiking-interest-rates