Bank of Canada Governor Macklem – cut in rates a signal we are on track to @% inflation

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Commerce and the Economy.


Right after this post the you-know-what hit the fan in the yen, which meant Macklem went on the back burner.

But, he is laying the groundwork for a Bank of Canada rate cut real soon. Check out that link above for his earlier none too subtle hints. More now:

  • We don’t have to do what the fed does
  • Canada growth this
    year will probably be choppy
  • A cut in rates would
    signal we’re on a track back to 2% inflation

This article was written by Eamonn Sheridan at Source