Tiff Macklem Says Bank of Canada Rate-Hike Path Hinges on Business Investment

Bank of Canada Governor Tiff Macklem indicated the future path of interest-rate increases will depend in part on whether the nation’s businesses ramp up investment as the economy emerges from the pandemic.

In a speech two weeks after holding rates at emergency lows, Macklem promised Wednesday he would “act deliberately and communicate clearly” as he begins to raise borrowing costs. But he…

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News Source: https://www.bloomberg.com/news/articles/2022-02-09/macklem-says-canadian-hiking-path-hinges-on-business-investment

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