Thursday, April 26, 2018

YOU'RE AN INDEPENDENT GOVERNOR, STICK TO YOUR JOB

   Stephen Poloz was accused by a senator of “straying too far” from his mandate by endorsing the policies of Prime Minister Justin Trudeau -- an accusation the Bank of Canada governor said he firmly rejected.
   Senator David Tkachuk, a lawmaker from the opposition Conservatives, cited comments Poloz made in a speech last month about the effects of child-care policy on labor force participation. He also said Poloz has been “heard to endorse” deficit spending and infrastructure spending.
   “As far as I know governor, your job is inflation-targeting, monetary policy,” Tkachuk said during a Senate hearing Wednesday in Ottawa. “People have to have confidence that you’re an independent governor, and I think you may be straying a little bit beyond your mandate with these statements and creating a perception that you’re a little too close to the government in power.” He later said, for emphasis: “I think you are straying too far.”

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