/newsroom/taxonomy/term/15029/all en /newsroom/channels/news/experts-canadian-inflation-hits-new-three-decade-high-337881 <p>Inflation hit a new three-decade high in January, heaping more pressure on the Bank of Canada to raise interest rates for the first time since the pandemic started. The consumer price index rose 5.1 per cent in January from a year earlier, accelerating from December’s pace of 4.8 per cent and marking the first time since 1991 that inflation has surpassed 5 per cent, according to Statistics Canada. It was the 10th consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent.</p> Wed, 23 Feb 2022 17:07:52 +0000 frederique.mazerolle@mcgill.ca 286063 at /newsroom /newsroom/channels/news/expert-bank-canada-should-start-issuing-digital-currency-experts-say-331648 <p>Some technologists are telling the Bank of Canada (BoC) that its wait-and-see approach when it comes to issuing digital currencies runs the risk of leaving it behind in the race to innovate globally. Although its Governor Tiff Macklem said in April that the pandemic has accelerated the digital economy and “the case for a digital currency becomes more compelling,” the central bank says it has no immediate plans to launch a digital loonie. (<a href="https://globalnews.ca/video/7963776/bank-of-canada-should-start-issuing-digital-currency-experts-say" target="_blank">Global News</a>)</p> Wed, 23 Jun 2021 15:16:29 +0000 frederique.mazerolle@mcgill.ca 269900 at /newsroom