Canada covid-19 economy crisis Canada

‘Try to overwhelm it’: Bank of Canada governor reflects on navigating a COVID-19 economy

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the pandemic and does a hard workout to clear his mind.The bike has helped the Bank of Canada governor get through this crisis, one where he could be forgiven for feeling like he’s riding precariously atop a penny-farthing.

Bank of Canada will move to cool inflation if price spikes look more permanent: governor Speaking to The Canadian Press this week, Macklem reflected briefly on his first year as the head of the central bank, and some early lessons from the pandemic.One year ago, Macklem took over from Stephen Poloz as governor as the country was emerging from the first wave of COVID-19 and public health experts were warning of more, potentially worse, waves to come.As Macklem noted, at the time there were more than two million.

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