The federal government needs to “postpone some of the expenditure enhancements” from the last budget in order to help get inflation back under control, according to former Bank of Canada Governor David Dodge.
The Bennett Jones LLP senior advisor said politicians “don't like the alternative of having to restrict spending in order to help control demand.”
“Let me remind you that the government signed the agreement with the Bank of Canada and they acknowledged their responsibility to play a role in dealing with inflation,” Dodge said. “The unfortunate choice we have is either to dampen demand by allowing prices to rise and rise a lot, or to dampen demand through monetary policy and somewhat more restrictive fiscal policy,” Dodge said.Bank of Canada Govenor Tiff Macklem“1.75 [per cent] growth is positive growth. The economy is still growing. That's the soft landing. It's not a recession,” Macklem said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
B.C. Attorney General David Eby expected to announce NDP leadership bid – Terrace StandardB.C. Attorney General David Eby expected to announce NDP leadership bid
Read more »
David Henrie, ‘Wizards Of Waverly Place’ Star, Welcomes Third Child With Maria Cahill HenrieFormer 'Wizards of Waverly Place' star David Henrie has had a magical weekend! The actor took to Instagram to announce that he and his wife, Maria Cahill Henrie, have welcomed their third child, a baby girl. Sharing that their new addition is named Gemma Clare Henrie, the Disney Channel alum wrote, 'IT’S A GIRL!!!! Gemma Clare…
Read more »
Vaughn Palmer: David Eby is partisan, well researched, hard working and methodicalOpinion: We’ve seen the skills that have made Eby an effective cabinet minister and a one\u002Dman Opposition wrecking crew.
Read more »
David Eby enters race to become next leader of BC NDPB.C. Attorney-General is currently the only declared candidate in the race, which will be decided in December
Read more »
B.C. Green party slams B.C. NDP's apparent acclamation of David Eby as new leaderIt is “disappointing that a real leadership contest is looking less and less likely,” says B.C. Green party MLA Adam Olsen
Read more »
B.C. NDP Leadership: David Eby set to announce bid to be next premierAs a cabinet minister, David Eby has earned a reputation as the fix\u002Dit guy on difficult files.
Read more »