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Bank of Canada Says Fiscal and Monetary Policy Aren’t at Odds

Bloomberg Markets Tuesday 03 November 2026, 19:03 UTC By Mario Baker Ramirez and Erik Hertzberg 1 min read
Key Points

Bank of Canada Says Fiscal and Monetary Policy Aren’t at Odds Bank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation. Speaking to lawmakers Tuesday, Macklem said he would comment on fiscal policy in two situations: if government finances became unsustainable and spilled over into markets, or if fiscal and monetary policy were working at cross purposes and making it harder to return inflation to...

Bank of Canada Says Fiscal and Monetary Policy Aren’t at Odds Bank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation. Speaking to lawmakers Tuesday, Macklem said he would comment on fiscal policy in two situations: if government finances became unsustainable and spilled over into markets, or if fiscal and monetary policy were working at cross purposes and making it harder to return inflation to the Bank’s 2% target.
Bank of Canada (ORG) Odds Bank of Canada (ORG) Tiff Macklem (PERSON) Mark Carney (PERSON) Macklem (PERSON) Bank (ORG)
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