Adding the Games may heat up the economy to the point where it runs up against shortages in materials or labor. The effect may be a higher cost of living across the province, cost over-runs on Games projects and intensifying price and wage pressures in coming years.
Look for renewed debate on whether rising producer prices will be passed through to consumers in the CPI measure of inflation, ... If so, that may well mean that the Federal Reserve isn't quite as near to the end of its tightening cycle as previously thought.