Interest Rates in a Supply-Constrained World

David Dodge joins BNN Bloomberg to comment on how Canada and the U.S. are in a supply-constrained situation—unlike the demand-constrained scenario of 2010-2020—and that interest rates will remain higher for that reason. He says the central banks are working under great uncertainty, and sees a terminal rate of 4-4.25 percent in Canada as a likely outcome of the ongoing rate hikes.