Macklem walks 'fine line' on economic politics: Sheila Copps
BNN Bloomberg
As the Bank of Canada faces political pressure to help Canadians, a former deputy prime minister says Governor Tiff Macklem has also been political in some of his rhetoric during a “tricky” time for public figures on affordability matters.
The central bank, an independent federal Crown entity, has been under increasing pressure from elected officials who have made appeals to have monetary policy decisions
Sheila Copps, who served as a Liberal deputy prime minister under Jean Chretien from 1993 to 1997, said she perceives Macklem as responding to those political appeals with politics of his own.
“It’s a political issue and when people are hurting as they are with mortgage renewals, with under housing, with the cost of food inflation,” she told BNN Bloomberg in a Thursday television interview.
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