Bank of Canada should stop hiking interest rates now: Benjamin Tal

Watch: CIBC deputy chief economist says more rate hikes will cause a recession Published Jul 23, 2023  •  Last updated 16 hours ago  •  < 1 minute read Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa. Photo by DAVE CHAN/AFP via Getty Images files Benjamin Tal, deputy chief economist at…
Bank of Canada should stop hiking interest rates now: Benjamin Tal

Watch: CIBC deputy chief economist says more rate hikes will cause a recession

Published Jul 23, 2023  •  Last updated 16 hours ago  •  < 1 minute read

Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa. Photo by DAVE CHAN/AFP via Getty Images files

Benjamin Tal, deputy chief economist at CIBC, talks with the Financial Post’s Larysa Harapyn about the latest inflation data, the impact on the Bank of Canada‘s next interest rate decision, why he thinks the central bank has started overshooting with rate hikes and why more will cause a recession.

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