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Bloomberg

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

Tuesday, November 3, 2026


Bank of Canada Governor Tiff Macklem stated that Prime Minister Mark Carney's fiscal plans have not yet complicated the central bank's efforts to manage inflation. Macklem did not indicate when or whether such tension might emerge. The Bank of Canada is responsible for setting monetary policy independently of the federal government's fiscal decisions.

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