Sparks at Bank
Where research and analysis meet the economic issues that matter
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Sparks at Bank features insights and analysis from Bank of Canada economists and researchers. It takes its name from the intersection of Sparks and Bank streets in Ottawa where the Bank’s head office is located.
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When supply shocks make inflation harder to control
September 11, 2026
Supply disruptions were a key driver of inflation during the pandemic. If such disruptions occur more often in the future, they could lead to more frequent and persistent periods of high inflation. Central banks could then find it harder to bring inflation back to target while supporting economic activity.
Disclaimer
Bank of Canada staff produce research and analysis to support the work of the Bank and to advance knowledge in the fields of economics and finance. This research is non-partisan and evidence based. While Sparks at Bank articles discuss issues relevant to the economy and central bank policy, they are produced independently from the Bank’s Governing Council. The views expressed in each article are solely those of the authors and may differ from official Bank of Canada views.