Bank of Canada front-runner discusses interest rate rise


Tiff Macklem, the Bank of Canada's senior deputy governor, said the governing council could postpone hitting its inflation target in order to keep household imbalances at bay.

Macklem is a leading candidate to replace Mark Carney as governor, and this was his first public speech since Carney announced he would move to the Bank of England in July.

Speaking at Queen's University in Ontario, Macklem re-affirmed the central bank's commitment to low inflation, and warned against complacency after mor

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