Indeed, in the fourth quarter of last year we saw annualized GDP growth of almost 3 per cent, when most analysts were expecting the Canadian economy to shrink.
Charalampakis, E., B. Fagandini, L. Henkel and C. Osbat. 2022. The impact of the recent rise in inflation on lowincome households. ECB Economic Bulletin 7/2022. 9  First, Alexandre Lámfalussy repeatedly warned against temptations to over-burden monetary policy.15 Although he recognized that navigating unchartered waters was sometimes necessary, he highlighted the limits to what monetary policy can and should do.