Bank of Canada governor won't say when interest rates will drop, but insists it won't take a recession

Bank of Canada Governor Tiff Macklem says he knows Canadians feel financially squeezed by aggressive interest rate hikes, but insists doing nothing to curb inflation would have been worse

Bank of Canada governor won't say when interest rates will drop, but insists it won't take a recession
Bank of Canada governor said increased use of temporary foreign workers will help bring labour costs down, but some economists say existing workers will want to keep up with previous surge in price inflation.

Bank of Canada Governor Tiff Macklem says he knows Canadians feel financially squeezed by aggressive interest rate hikes, but insists doing nothing to curb inflation would have been worse