Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government spending plans are at odds with the Bank’s objective of slowing inflation. His comments were made while testifying before the House of Commons finance committee. Macklem was grilled for a comment he made last week on the fact provincial and federal government spending is estimated to grow by roughly 2.5% next year. “If all those […] 

Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government spending plans are at odds with the Bank’s objective of slowing inflation. His comments were made while testifying before the House of Commons finance committee. Macklem was grilled for a comment he made last week on the fact provincial and federal government spending is estimated to grow by roughly 2.5% next year. “If all those  Mortgage Rates & Mortgage Broker News in Canada