The war in Ukraine, the cutoff of Russian exports and the possible removal of roughly 4.3 million barrels of crude from U.S. and European markets are likely to have a harmful impact on household balance sheets. … READ MORE >
inflation
The impact of an energy shock on Canada’s economy
Although high oil and gas prices had been good news for the Canadian economy over the past few decades, this time is different. … READ MORE >
Bank of Canada raises rates in response to inflation
The Bank of Canada announced on Wednesday that it would raise its overnight rate to 0.5%, 25 basis points from the lower bound policy rate of 0.25%, to tackle inflation. … READ MORE >
In case of emergency break glass: Reviving the enhanced child tax credit to ease inflation
With a robust economy and tax revenues surging, policymakers can look at measures to mitigate further stress on lower-income households caused by rising food, fuel and goods prices. … READ MORE >
As inflation has risen, companies ask: ‘Can I really raise my prices?’
As businesses consider raising prices, there are more dynamics at play than just rising costs. Businesses need to take a broader view as they assess whether now is the time to make such price hikes. … READ MORE >
Law firms implementing new battle plan in war for talent: Spring 2022 outlook
Law firms that focus on improving productivity and justifying rate increases by bringing greater value to clients will reap the benefits of those strategic shifts long after labor challenges subside. … READ MORE >
U.S. January consumer price index: Inflation continues to surge
The top-line increase of 0.6% in January and 7.5% on a year-ago basis will intensify market speculation about a 50 basis-point hike at the March meeting. … READ MORE >
Monetary and fiscal policy in a changing economy: Reflation, and the risks that remain
The last in a series of articles regarding monetary and fiscal policy as the economy restarts within a changing framework of labor force choices, automation and pricing. … READ MORE >
Fed to use conventional and unconventional tools to obtain price stability
The Federal Reserve on Wednesday signaled that it intends to use both conventional and unconventional tools to address risks to the economic outlook caused by inflation. … READ MORE >
FOMC preview: Shaping expectations for a major policy shift
Expect the FOMC to lay the groundwork for a major policy shift that includes a rate hike in March, another in June, and a balance sheet runoff likely to start in June or July. … READ MORE >