Economy is ‘strong, resilient’ according to credit rating agency: Freeland

Deputy Prime Minister Chrystia Freeland said during a press conference in Lunenburg County, N.S., on Tuesday that inflation is expected to be near the Bank of Canada’s midpoint target of two per cent (when?), according to a report last month. Referencing the report from credit rating agency Moody’s, Freeland said the organization reaffirmed the prediction of a stable outlook for Canada and predicted stronger economic growth than some other triple AAA economies in the medium term. “These are really powerful economic proof points. What they say is that Canada’s economy is strong and resilient,” Freeland said.

• Canadian banks set to report latest results as mortgage shocks continue