Prime Minister Justin Trudeau on Thursday vigorously defended the independence of the Bank of Canada, which was still under attack the previous day by the race leader for Canada’s Conservative Party leadership, Pierre Poilievre.
The quality and respect that people around the world have for the Canadian dollar comes[nen]t directly from the fact that we have a central bank that is politically independentsaid Mr. Trudeau following a meeting with the Prime Minister of Latvia, Arturs Krišjānis Kariņš.
The Bank of Canada is high reputation around the worldhe insists on praising her strictlyhim professionalism and his freedom from political schemes.
In the first official debate on the leadership of the Conservative Party of Canada on Wednesday night, Poilievre said he would remove Bank of Canada Governor Tiff Macklem because the country’s inflation rate has not reached that high in decades.
The Governor of the Bank of Canada took the liberty to be the ATM of this government. So I will replace him with a new governor who will restore our low inflation mandate, protect our dollar purchasing power, and honor the workers who earn those dollars.said Mr. Poilievre.
Former Quebec Premier Jean Charest responded by saying the MP’s comments were irresponsible and showed a lack of faith in the system.
Mr. Trudeau found Mr. Poilievre’s statements on Thursday sorry and denotes a lack of responsible leadership. He declined to comment further, believing it was up to Conservative members to choose.
Over the past few weeks, Mr. Poilievre has been announcing cryptocurrencies as a cure to inflation.
He also held a press conference in front of the Bank of Canada building in Ottawa, where he denounced the called experts of the institution, which he is regarded as illiterate in finance.
Asked on this occasion about his knowledge of economics, Mr. Poilievre mentioned that he asked about twenty questions in the House about inflation.
My practice is very well documented: 20 times in the House of Commons I predicted the inflation we have todaywhich proves that I’m right, they’re wronghe said.
Candidates for the leadership of the Conservative Party will debate for the last time on May 25 in Laval. Formation members will have to choose their next leader by September 10th.
Source: Radio-Canada