Interest rates need to keep rising to fight inflation, Tiff Macklem tells MPs

Interest rates need to keep rising to fight inflation, Tiff Macklem tells MPs

Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons finance committee in Ottawa on Nov. 23.Adrian Wyld/The Canadian Press Parliamentarians questioned Bank of Canada Governor Tiff Macklem about inflation and historic financial losses at the central bank on Wednesday, with top opposition politicians looking to frame the bank’s continuing dilemmas … Read more

Bank of Canada open to larger rate hikes, more moves if needed, Tiff Macklem says

Bank of Canada open to larger rate hikes, more moves if needed, Tiff Macklem says

Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa on June 9.PATRICK DOYLE/The Canadian Press Bank of Canada Governor Tiff Macklem says the central bank may need to raise its benchmark interest rate to 3 per cent or above to bring inflation under control, and that the bank’s governing … Read more