Cost of Living

Perception isn't always reality when it comes to inflation: hear from the Bank of Canada

The Bank of Canada's senior deputy governor, Carolyn Wilkins, answers questions about the perception versus reality of inflation, and whether the central bank should (or could) just erase debt.

Bank of Canada senior deputy governor, Carolyn A. Wilkins, on why she wants Canadians to 'talk inflation'

Senior Deputy Governor of the Bank of Canada Carolyn Wilkins talks inflation with The Cost of Living. (Adrian Wyld/The Canadian Press)

Inflation is — quite literally — a part of how Canadians calculate their cost of living year over year, decade over decade.

One of the Bank of Canada's goals is to keep inflation low and stable. But Canadians don't always feel like that's happening. The Bank has actually started surveying people on its approach to monetary policy.

Cost of Living host Paul Haavardsrud speaks with the senior deputy governor of the Bank of Canada, Carolyn A. Wilkins, about why perception may not be reality when it comes to inflation. 

  • The Cost of Living ❤s money — how it makes (or breaks) us.
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We also ask her whether the central bank, which has bought billions of dollars worth of the government bonds issued since the start of the pandemic, should just erase Canada's new debt.

Hint: the words "I don't think there's a free lunch" come up.

Click 'Listen' at the top of the page to hear this segment, or download the Cost of Living podcast.


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