Canada: Tiff Macklem

Bank Of Canada Dept: OTTAWA - The Bank of Canada's second in command is continuing to suggest that interest rates will rise over the medium term, even as economists say turmoil in Europe and a weak recovery in the U.S. are taking their toll on Canada, according to Winnipeg Free Press. "To the extent that the economic expansion continues and the excess supply in the economy is gradually absorbed, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate, consistent with achieving the two per cent inflation target over the medium term," Macklem said and the Bank of Canada is seen in Ottawa on September 6, 2011. THE CANADIAN PRESS/Sean Kilpatrick In a speech in Winnipeg, deputy governor Tiff Macklem repeated Thursday an earlier statement by the central bank. Notes on the speech were released in Ottawa. Related Items Articles Canadian economy lags behind U.S. in tech, training: Macklem (www.immigrantscanada.com). As reported in the news.