Canada's finance minister, Jim Flaherty said on Friday that although there are signs of Canada's economy strengthening, but not enough to stop the
stimulus spending plans.This is consistent with the Bank of Canada announcing they will keep the
overnight rate at 0.25% last week.
Put these two recent announcements together, and the possibility of future inflation becomes easier to understand. It sounds like we have some interesting times yet to come. Despite these words of an uncertain economic future, it presents tremendous opportunities to those who can embrace change, and who have the financial wherewithal to take advantage of the opportunities when they present themselves.
I invite you to stay with us at Monetary Thought, where we will go through the journey together.