70% chance of a soft landing, former Bank of Canada governor says

Canadian inflation accelerated to four per cent in August year-over-year primarily due to higher oil prices.

“I would only say there's a 60 to 70 per cent chance of a soft landing, but there’s still 30 per cent of it going the other way,” said Beaudry, who left his position at the Bank of Canada in July. “I think it’s a plausible scenario , it’s the most likely one, but let’s not oversell it either,” he added.

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