Canadian finance minister underscores her confidence in the BOC's independent work.
Canadian Finance Minister Chrystia Freeland said Friday she's confident in the independent work of the national central bank. Freedland spoke after a leading opposition lawmaker said Governor Tiff Macklem should be fired.
Speaking on a call with reporters from a G7 meeting in Germany, Freeland referenced a global jump in prices linked to things such as the Ukraine war and said the independence of the central bank has served Canada well for decades.
The BOC, already on a tightening path, will hike by at least another 50bp at its June 1 meeting, a former adviser told MNI (MNI INTERVIEW: BOC May Need 75BP June Hike- Ex Adviser Ambler).