Rudyard Griffiths and Sean Speer discuss the Bank of Canada's decision to hold the interest rate at 2.25 percent amid rising inflation, weak economic growth, and the ongoing Iran War. They explore whether central banks are repeating past mistakes by downplaying inflationary pressures from the Iran War's energy shock, drawing parallels to the "transitory" inflation miscalculation after COVID-19. They also examine Canada's productivity crisis, structural economic impediments, and concerns that monetary policy may be losing effectiveness as government debt burdens mount and bond markets signal persistent borrowing challenges.

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CREDITS:

Amal Attar-Guzman - Producer

Elia Gross - Editor

Rudyard Griffiths and Sean Speer - Hosts

Sean Kilpatrick/The Canadian Press - Photo Credit

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