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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

‘Mission impossible’: Why the Bank of Canada faces ‘risky’ June rate decision (CTV)


Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem.

But while Cruise rides a plane in tailspin to his latest box office smash, some economists say Macklem finds himself in his own high-stakes circumstances with the central bank’s interest rate decision on Wednesday.

Macklem’s mission is to chart a path for interest rates that keeps Canada’s economy afloat at a precarious moment without straying from its inflation-taming mandate.

“It really is mission impossible,” said Andrew DiCapua, principal economist at the Canadian Chamber of Commerce ...

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