More from BOCs Macklem:
- BOC targets overall CPI inflation, but we cannot ignore shelter costs
- Looking ahead, neutral interest rate will probably be a bit higher than the 2% to 3% range
- There will be modest increase in housing prices this year versus decreases last year
- There is certainly considerable uncertainty around what will happen to housing prices
This article was written by Greg Michalowski at www.forexlive.com. Source