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Finance committee  With respect to 2%, what is very clear is that you want a rate of inflation that is low, and in terms of delivering it, you want to focus on low, stable, and predictable. There are some good reasons you might not want to go all the way to zero. Since renewing the target at 2% i

October 26th, 2010Committee meeting

Tiff Macklem

Finance committee  Of course, Canada is a large country. We consider data from across the country, and as the governor has just indicated, there is a single monetary policy for all of Canada. There are significant adjustments to be made throughout the country, and the more flexibility there is betw

October 26th, 2010Committee meeting

Tiff Macklem

Finance committee  Sure. First of all, I'm very pleased to be here and I'm glad I'm missed. It's always good to be missed. A couple of comments.... Going back to Toronto, the Toronto summit of the G-20 was really the first place where this framework for a strong, sustained, balanced growth was put

October 26th, 2010Committee meeting

Tiff Macklem