That's a result of the very deep recession that created a huge excess capacity in the economy and that's why inflation has remained low and the Bank of Canada was able to maintain interest rates at a very low level, of 1% now.
Assistant Parliamentary Budget Officer, Economic and Fiscal Analysis, Library of Parliament
That's a result of the very deep recession that created a huge excess capacity in the economy and that's why inflation has remained low and the Bank of Canada was able to maintain interest rates at a very low level, of 1% now.
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