The Canadian Press: Conservative finance critic Michael Chong asked Macklem for his opinion on the government’s affordability efforts. The central bank governor declined to answer directly.
He said he only comments on the government’s fiscal policy when spending is approaching unsustainable levels, or when the government’s actions are working against the Bank of Canada’s efforts to tame inflation.
“In the current circumstances, I don’t think either of those criteria are met,” he said.
Macklem was later asked directly if he thought government spending was contributing to inflationary pressures.
“No, not really,” he said…