Economics

Inflation Overshoot Has Bank of Canada Weighing Mandate Tweaks

Macklem may seek a freer hand to run post-pandemic economy hot
Options include new language, job metrics and control range

Tiff Macklem, shown in May 2020, is facing political criticism over higher inflation and the Bank of Canada’s quantitative easing program.Photographer: David Kawai/Bloomberg

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By Shelly Hagan

June 23, 2021 at 9:00 AM UTC

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Bank of Canada Governor Tiff Macklem is in the final stages of a mandate review that could see him request more authority from Prime Minister Justin Trudeau’s government to run the economy hot.