Macklem Says Fiscal Policy Not Hurting Inflation Fight
Bank of Canada Governor Tiff Macklem told lawmakers that government fiscal policy is not complicating efforts to tame inflation. Macklem noted further interest rate hikes could still be needed.
Canada's current fiscal policy is not hindering the central bank's inflation battle, Governor Tiff Macklem told lawmakers on Tuesday afternoon. The assessment eases immediate policy friction concerns as policymakers navigate economic pressures. Investors are closely monitoring potential monetary adjustments as officials target price stability.
