AGATHE CÔTÉ – A PROPHETIC LOOK AT HOUSEHOLD AND MARKET ECONOMICS

2010_agathe-cote-270x170Agathe Côté, deputy governor of the Bank of Canada, addressed CEO Vision on the role ICT entrepreneurs play in their country’s economy. Côté told the assembled CEOs, “You have an impact on the economy…. the Bank has an impact on business conditions, and in turn on you,” and invited them to take part in the Bank’s new quarterly survey.

Gracing CEO Vision with one of her rare public appearances, the deputy governor analyzed the role Bank of Canada forecasts play in establishing the inflation rate, and the rate’s impact on the economy. The good news: the Bank of Canada is optimistic it will keep its 2% inflation target. The less-good news: because of the shock of the oil price drop, Canadian economic activity won’t be back to its full potential until the end of 2016.

See the full speech in English and in French.

See the press release on the deputy governor’s speech at CEO Vision:

 

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