"The Canadian economy remains overheated and clearly in
excess demand, and this continues to put upward pressure on many
domestic prices," Macklem said during testimony to the House of
Commons finance committee.
(Reporting by Steve Scherer and Kanishka Singh)
OTTAWA, Feb 16 (Reuters) - Bank of Canada Governor Tiff
Macklem, speaking for the first time since the report on
January's job blowout came out last week, said on Thursday that
the economy remains overheated and continued to leave the door
open to higher interest rates.
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