It would help. From the perspective of inflation, it would have a one-time adjustment downward. If you think of the GST holiday, for example, it adjusts the price level down temporarily. That effect falls out of the CPI after one year.
Senior Deputy Governor, Bank of Canada
It would help. From the perspective of inflation, it would have a one-time adjustment downward. If you think of the GST holiday, for example, it adjusts the price level down temporarily. That effect falls out of the CPI after one year.
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