Robert Asselin looks at the challenges fiscal policymakers may face if interest rates rise. He shares this perspective with the Canadian Press on a story about the Bank of Canada’s latest interest rate announcement.
“It will be hard for policymakers to justify very open, loose fiscal policy, if monetary (policy) is basically saying, we think that we’ve recovered from the crisis.”Robert Asselin, Senior Vice President, Policy, Business Council of Canada
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November 25, 2023