Dennis Mitchell, CEO and chief investment officer at Starlight Capital, tells BNN Bloomberg that while a chunk of inflation is transitory, central banks are unlikely to get close to their 2-per cent inflation target this year or perhaps even next year despite interest rate hikes. He advises investors to pick companies that can pass on higher input costs to customers without hurting their margins. Mitchell believes Canadian banks will benefit from a housing market that will continue to be robust, but may see some impact on their wealth and trading businesses.