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Bank of CanadaPolicy NewsCentral Bank NewsHomepageCanadaFiscalGovernment sector Bank of Canada Market NewsPolicy StoryPolitical RiskStoryRegionNorth America

Canadian Finance Minister Chrystia Freeland said Tuesday the government is working to stabilize prices in such a way that allows for the central bank to shift monetary policy from restrictive to neutral.

"What we need to do as a federal government is use all the tools in our toolbox to help stabilize prices," she said in response to a question from MNI at a press conference. "That will create the conditions that allow the Bank of Canada to move from the current position of interest rates, which are intentionally contractionary, to a more neutral position." She also reiterated the Bank of Canada's independence is vital to maintain. (See: MNI INTERVIEW: BOC Could Hike Once Or Twice More, Dodge Says)

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Canadian Finance Minister Chrystia Freeland said Tuesday the government is working to stabilize prices in such a way that allows for the central bank to shift monetary policy from restrictive to neutral.

"What we need to do as a federal government is use all the tools in our toolbox to help stabilize prices," she said in response to a question from MNI at a press conference. "That will create the conditions that allow the Bank of Canada to move from the current position of interest rates, which are intentionally contractionary, to a more neutral position." She also reiterated the Bank of Canada's independence is vital to maintain. (See: MNI INTERVIEW: BOC Could Hike Once Or Twice More, Dodge Says)