The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Bank of Canada Governor Stephen Poloz takes part in a news conference upon the release of the Financial System Review in Ottawa June 12, 2014.
Bank of Canada Governor Stephen Poloz takes part in a news conference upon the release of the Financial System Review in Ottawa June 12, 2014.
(Chris Wattie/Reuters)

Poloz can no longer play down inflation fears

Canada’s latest surprise inflation surge is surely a wake-up call to the Bank of Canada. Governor Stephen Poloz’s nagging concerns about the risk of disinflation are now stretching the bounds of plausibility; his message on the inflation front will surely have to change, lest the bank strain its credibility with an increasingly skeptical financial market.