Bank of Canada Becoming ‘ATM for Trudeau,’ Conservatives Caution
- Opposition broadside drags Macklem into post-pandemic debate
- Continued purchase of government debt in political crosshairs
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Canada’s main opposition party is cautioning the central bank against financing Justin Trudeau’s spending plans beyond immediate pandemic emergency measures, thrusting the Bank of Canada into a political firestorm.
Lawmaker Pierre Poilievre, chief Conservative spokesman on finance issues, said the bank “should not be an ATM for Trudeau’s insatiable spending appetites.” He raised concerns about the long-term impacts of monetary expansion and urged Governor Tiff Macklem to steer clear of “ideological” debates.