Inflation peaked at 14 per cent in Canada and the U.S.
Divergences between expected inflation and actual inflation contribute to economic inefficiencies that harm economic growth.
The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.
Provincial Finance Minister Charles Sousa tells an upbeat story about a booming Ontario, but reality is more complicated. The province’s finances remain a mess.
In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.