By Epoch Times ——Bio and Archives--October 26, 2023
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Attempts by the Bank of Canada (BoC) to tame inflation by raising interest rates have been hampered by the increased spending from all levels of government, says BoC governor Tiff Macklem.
"If all
those spending plans are realized, government spending will be adding to
demand more than supply is growing. And in an environment where we're
trying to moderate spending and get inflation down, that's not helpful,"
Mr. Macklem said during an interest rate announcement on Oct. 25. ---More...
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