BoC Macklem: Strong economy, high inflation, higher interest rates needed

BoC Governor Tiff Macklem delivered three main messages to a House of Commons Committee. First, the Canadian economy is strong… Second, inflation is too high…. Third, we need higher interest rates.” “The economy needs higher rates and can handle them….,” he said, “We also need higher interest rates to keep Canadians’ expectations of inflation anchored […]

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