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Trudeau’s Finance Chief Defends Bank of Canada Ahead of Hike

  • Freeland hails central-bank independence after NDP criticism
  • Macklem also taking fire from Conservatives on the right
Chrystia Freeland and Tiff Macklem arrive at a news conference in Ottawa on Dec. 13, 2021.
Chrystia Freeland and Tiff Macklem arrive at a news conference in Ottawa on Dec. 13, 2021.Photographer: David Kawai/Bloomberg
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Finance Minister Chrystia Freeland defended the Bank of Canada’s independence after the main left-leaning opposition party joined the Conservatives in criticizing its record.

“Canada is a country of peace, order and good government,” Freeland told reporters Tuesday on her way into a cabinet meeting. “Institutional stability very much includes the independence of the Bank of Canada. Our government respects very much the independence of the Bank of Canada.”