Tory finance critic says Poilievre’s bid to fire Macklem hurts party’s economic cred

OTTAWA – Conservative finance critic Ed Fast says he believes Pierre Poilievre’s pitch to fire the Bank of Canada governor over the country’s record-high inflation rate hurts the party’s credibility on economic issues.

Fast is co-chairing the leadership campaign of Poilievre rival Jean Charest, who also panned the attack against Tiff Macklem as being out of line.

Poilievre pledged to replace Macklem as the head of the country’s central bank during last week’s leadership debate in Edmonton, saying he would put someone in his place that follows its low-inflation mandate.

Fast became the party’s finance critic after Poilievre, the previous critic and a longtime MP from Ottawa, decided to enter the contest.

Speaking to reporters today, Fast says he’s deeply disturbed Poilievre would be prepared to “interfere” with the independence of the Bank of Canada.

Fast says he believes government spending is driving inflation and other central banks around the world are also struggling to address the issue.

This report by The Canadian Press was first published May 18, 2022.

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