Macklem Pleased Inflation Back to Target, Wants More Core Easing

Bank of Canada Governor Tiff Macklem said he’s pleased inflation is back to the central bank’s 2% target but he wants to see more easing in core measures and shelter prices.

In a speech at a financial conference in Toronto, Macklem said policymakers now “want to keep inflation close to the center of the 1% to 3% inflation-control band” and said that officials still “need to stick the landing.”