LILLEY: Ford blasts Bank of Canada for rate hikes, Trudeau to blame, too

The out of control government spending has contributed to inflation and made it harder for the Bank of Canada to tame it.

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Ontario Premier Doug Ford answers questions as Prime Minister Justin Trudeau listens at CAMI in Ingersoll, Ont., on Dec. 5, 2022.It’s unusual for politicians to speak out against the Bank of Canada. In the United States, beating up on the Federal Reserve, the bank’s equivalent, is part of mainstream politics, but not so in Canada.Article contentWe apologize, but this video has failed to load.

Macklem did blow it on inflation, he failed at his main job of keeping inflation in check and now has ratcheted up interest rates at a punishing rate, hurting average Canadians.Ford, Eby and Poilievre aren’t the first politicians to take aim at the Bank of Canada and they won’t be the last. In the early 90s, the bank was wrestling with inflation, and some felt it was killing jobs, including then-Liberal Party leader Jean Chretien.

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