Canada's Tiff Macklem Insists 'Rate Increases Are Warranted,' Canadian Columnist Says Central Bank's Governor 'Needs to Go'
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist Lorne Gunter published an opinion editorial that insists the “Bank of Canada governor needs to go.” Macklem Stresses ‘Further Interest Rate Increases Are Warranted’ to Battle Inflation, and ‘Reasonably Good Harvests’ Could Bring Food Inflation Down This past weekend Twitter’s vertical trends had shown that Canadians are upset with the Bank of Canada’s money supply expansion, red-hot inflation, and Justin Trudeau’s government spending habits. The Bank of Canada’s governor Tiff Macklem said Canada’s economic woes stemmed...