BoC’s Macklem: We’re not close to limit of divergence with Fed

Bank of Canada (BoC) Governor Tiff Macklem reiterated on Wednesday that there is a limit to how far the Canadian central bank can diverge on rates from the Federal Reserve (Fed), but they’re not close to that limit.  

Key quotes

“For many of our citizens, this has been their first experience with high inflation, and it has been painful.”