“Nick Rowe, a Carleton University economics professor and member of the C.D. Howe council, said inflation remains below the Bank of Canada’s target even though other areas of the economy seem to be doing well.

“‘We simply haven’t seen the rise in inflation that you would have expected to have seen as the economy strengthens, plus there aren’t really much signs of expected inflation either,’ said Rowe, who voted to keep the rate on hold.”

(The Canadian Press, “Bank of Canada rate decision coming today, first hike in seven years expected,” Ottawa Business Journal at www.obj.ca)

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