Many of those jobs have been in service sectors which, unlike manufacturing, have been growing and even
putting upward pressure on inflation in those sectors.
Non-energy exporters were getting a bigger boost from the exchange rate than the Bank of Canada expected in October,
putting upward pressure on inflation, he said.
Policy makers now say it will take until the middle of 2018 before Canada's economy is generating output at a level that would
put upward pressure on inflation, «materially later» than was previously expected.
The economy continues to gain strength, and the minutes said a decline in the foreign exchange value of the dollar was also likely to
put upward pressure on inflation.
At the current stage of the expansion there are a number of factors that might be expected to
put upward pressure on inflation.
Labor shortages are expected to cause wages to rise and
put upward pressure on inflation.
The stimulus from lower taxes will
put upward pressure on inflation, forcing borrowing costs higher.
Economic data has been improving, financial markets are calm, and Trump's planned fiscal spending will likely
put upward pressure on inflation — not to mention the impact of rising crude oil prices.
Not exact matches
That's going to
put even more
upward pressure on wage
inflation.
The neutral rate is a level that
puts neither
upward or downward
pressure on inflation, at is at around 2.9 %, according to the most recent chart, or dot plot, of Fed members» outlook for interest rates.
Core
inflation continues to be near the 2.0 % target as the past decline in the Canadian dollar
puts upward pressure on imported products, which has been largely offset by the deflationary effect of excess capacity.
According to global property advisor CBRE, the recent rise in
inflation and higher interest rates is expected to
put upward pressure on U.S. capitalization rates in 2018.