Bank of Canada won't tolerate high inflation, says Governor Macklem

Key facts

• Bank of Canada Governor Tiff Macklem stated the central bank will not tolerate high inflation.
• Bringing inflation back to the 2% target is the bank's main priority.

Bank of Canada Governor Tiff Macklem has stated that the central bank will not tolerate high inflation. He emphasized that bringing inflation back to the 2% target is their main priority.