Fast says he has ‘no regrets’ speaking out against Poilievre’s ‘monetary quackery’ on Bank of Canada, by mike_lpnt cdnpoli (unlocked)
By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers.The recent showdown between the two veteran Conservative MPs, both of whom have served as finance critics and were cabinet ministers under prime minister Stephen Harper’s government, has raised fundamental questions about political interference with the Bank of Canada as rising inflation continues to make global headlines.
The Conservative MP also said that applies to “some of the monetary quackery that Pierre is preaching.” “You can have a lot of time and respect for that leader, but there’s a democratic process going on,” he said. “And it’s really not for you as a critic to make the choice that the party’s about to make, it’s not yours to make.”
When asked about how much and what kind of work will need to be done to maintain party unity following the leadership vote, Lyle pointed to the Jean Chrétien era. Although former prime minister Chrétien had a great decade in power, he said, he never embraced his rival Paul Martin’s people and there was a civil war within that government throughout the entire time.
“Kellie Leitch came out with this notion that if she were the leader she would move to install a values test for people coming into Canada,” said Raitt, who was part of the leadership race in 2016-2017. “His interest has always been about doing what’s best for the party and the country. We are incredibly proud to have Mr. Fast’s knowledge and expertise on our campaign,” she said in an email.John Manley, former deputy prime minister and minister of finance under Chrétien, said he sees the independence of the bank as “being one of the fundamental building blocks of a modern economy.”
Former parliamentary budget officer Kevin Page says inflation is a ‘serious and global problem’ brought on by two global supply shocks and strong fiscal and monetary supports for recovery.Professor Donald Savoie, a leading expert in public administration, said the Bank of Canada “is an institution, it is independent and there’s a reason why it’s independent.”
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