Even more from Beaudry: Thinks can get out inflationary cycle without going into recession

More from Bank of Canada Deputy Gov. Paul Beaudry:

• when asked whether bank might hike rates by more than 50 basis points, says banks actions could involve bigger moves
• we think we can get out of inflationary cycle without going into recession
• we haven't Inflation on target; appropriate for Canadians to ask questions
• question is how much we have to rein and domestic demand
• jobless rate might rise a bit

New lows for the USDCAD down to 1.2574.