Bank of Canada is facing its biggest test in 30 years, Tiff Macklem says

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Bank of Canada is facing its biggest test in 30 years, Tiff Macklem says
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Bank of Canada Governor says there is scope to slow the economy based on an \u0027exceptionally high number\u0027 of job vacancies. Read on

In an interview aired on CBC Radio on Sunday, Macklem said the current inflation fight is the biggest test the central bank has faced since it started targeting inflation 30 years ago.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againBut he assured Canadians that monetary policy is working and he expected inflation to return to the central bank’s 2 per cent target by 2024. Canada’s headline inflation rate dropped to 7.0 per cent in August, with core inflation running at about 5 per cent.

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