Absent Policy Change, High Inflation Could Persist: Report

Governor of the Bank of Canada Tiff Macklem speaks during a videoconference event with the Council on Foreign Relations at the Bank of Canada in Ottawa on Oct. 7, 2021. The Canadian Press/Justin Tang

The current higher inflation rates experienced by Canadians may not be transitory if the government and central bank do not modify their policies to address it, says a report released on Dec. 2.

Titled “The Outlook for Inflation and Its Links to Monetary Policy” and released by the Fraser Institute, the report says there are a host factors that could prolong higher inflation.