It is not the result of generalized excess demand in the Canadian economy. Our economy is only just now getting back to full capacity. The inflation we are experiencing today largely reflects global supply problems, most of which stem from the pandemic. With many services shut down, households around the world bought goods instead.
The lack of a complete banking union still represents a very wide gap in the EU's institutional framework. Thank you for your attention. 3/3  BIS - Central bankers' speeches