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PM Trudeau Defends BOC After Conservative Candidate Wants Governor Replaced

BOC
MNI (Ottawa)
markets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign Exchange
  • "The independence of the Bank of Canada from the government of the day is a really important principle that ensures the stability and the good reputation of Canada in international economic circles," Justin Trudeau told reporters Thursday
  • "We have a responsibility to be there to support Canadians. The Bank of Canada has a responsibility to fight inflation. We do that independently of each other but we can do it in a way that does result in better outcomes"
  • Conservative leadership candidate Pierre Poilievre on Wed called for Gov Macklem to be replaced, accusing him of mishandling inflation and financing govt deficits
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  • "The independence of the Bank of Canada from the government of the day is a really important principle that ensures the stability and the good reputation of Canada in international economic circles," Justin Trudeau told reporters Thursday
  • "We have a responsibility to be there to support Canadians. The Bank of Canada has a responsibility to fight inflation. We do that independently of each other but we can do it in a way that does result in better outcomes"
  • Conservative leadership candidate Pierre Poilievre on Wed called for Gov Macklem to be replaced, accusing him of mishandling inflation and financing govt deficits