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Demographics, not the Bank of Canada, will drive interest rates higher for longer

Summary by Ground News

The Bank of Canada left its benchmark lending rate unchanged at 5 per cent on Sept. 6. But that hasn't stopped the speculation as to whether the next move will be up or down. The dependency ratio is the statistic which best illustrates the impact of the baby boom on the domestic economy. The ratio measures that portion of the population outside the labour force age group as a percentage of the employable population.

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The Globe & Mail

Demographics, not the Bank of Canada, will drive interest rates higher for longer

Central bankers can tinker with interest rates, but eventually they will be overwhelmed by an aging workforce

2 years ago·Canada

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The Globe & Mail broke the news in Canada 2 years ago on Thursday, September 21, 2023.

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