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chemgear · 10-30-2023, 09:09 PM

Gotta buy those votes.

https://calgaryherald.com/news/polit...d-9b289e198788

Government spending is putting upward pressure on inflation, Bank of Canada's Macklem says

Bank of Canada governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down.

In response to questioning from Conservative MP Jasraj Singh Hallan, Macklem said government spending is working at cross purposes with the central bank’s efforts to bring inflation down.

The governor said that according to federal and provincial budgets, government spending aggregate will grow faster than supply in the economy over the next year, adding upward pressure to inflation.

10-30-2023, 09:09 PM	#2000
chemgear Franchise Player Join Date: Feb 2010 Exp:	Gotta buy those votes. https://calgaryherald.com/news/polit...d-9b289e198788 Government spending is putting upward pressure on inflation, Bank of Canada's Macklem says Bank of Canada governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down. In response to questioning from Conservative MP Jasraj Singh Hallan, Macklem said government spending is working at cross purposes with the central bank’s efforts to bring inflation down. The governor said that according to federal and provincial budgets, government spending aggregate will grow faster than supply in the economy over the next year, adding upward pressure to inflation.