Bank of Canada governor Stephen Poloz on Friday fulfilled a ceremonial role by unveiling a glamorous new $10 bill to celebrate the country's sesquicentennial. "The Canadian economy is showing lots of momentum and these latest employment numbers are part of that picture," said CIBC chief economist Avery Shenfeld. (Geoff Robins/Reuters)Shenfeld says we are close to the point where employers will have to start bidding up the price of labour, one of the triggers for price inflation. But a look at the statistics the Bank of Canada uses to make its rate decision justifies Poloz's intransigence. The price of the basket of goods that the bank uses to determine the consumer price index is rising at two per cent a year.

Source: CBC News April 10, 2017 09:00 UTC