Bank of Canada governor Tiff Macklem said now is not the time to be flexible on interest rates. Read more.
Macklem told reporters that now is not the time to be flexible on interest rates, reiterating the central bank’s current objective of restoring price stability and bringingSign up to receive the daily top stories from the Financial Post, 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 againMacklem says the central bank will be closely watching how the U.S. economy evolves after inflation data for September released yesterday showed core consumer price inflation, excluding food and energy, rose to a 40-year high, increasing the odds of more big rate hikes from the hawkish U.S.
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