FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a press conference, after cutting key interest rate, in Ottawa, Ontario, Canada September 17, 2025. REUTERS/Blair Gable/File Photo
Reuters
OTTAWA, Nov 3 (Reuters) – The Canadian government’s current fiscal policy is not making it harder for the Bank of Canada to fight inflation, Governor Tiff Macklem told the House of Commons finance committee on Tuesday.
Macklem said the bank would only comment on government policy if it had become unsustainable or if it was making it harder to get inflation back to the bank’s 2% target.
“In the current circumstances, I don’t think either of those criteria are met,” he said, reiterating that more interest rate hikes might be needed.
(Reporting by Promit Mukherjee, editing by David Ljunggren)
Copyright Reuters or USA Today Network via Reuters Connect.
This story was originally published November 3, 2026 at 8:20 AM.
