Former Bank of Canada Governor Says Freeland’s Budget Hurts Inflation Fight
- Federal government plans C$480.5 billion in program spending
- Spending boost ‘not very helpful’ as BOC aims for 2% inflation
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Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult.
“It — along with the provincial budgets — is really not very helpful to the Bank of Canada in terms of dealing with inflation,” Dodge said Thursday in an interview on BNN Bloomberg Television. “That’s unfortunate.”