Lower Government Spending Would Decrease Inflation Faster, Bank of Canada Governor Says

Bank of Canada Governor Tiff Macklem ponders a question at a press conference in Ottawa on June 9, 2022. The Canadian Press/ Patrick Doyle

The governor of the Bank of Canada says the country’s inflation rate would drop more quickly if future government spending was lower.

Tiff Macklem made the comment in a Feb. 1 session of the House of Commons Standing Committee on Finance.