Canadian Prime Minister Justin Trudeau said he doesn't believe monetary policy will be a top priority for his government after the September 20 election, when asked whether he would support altering the Bank of Canada's (BOC) inflation-fighting mandate to allow it to tolerate somewhat higher prices, per National Post.
Key quotes
"When I think about the biggest, most important economic policy this government if re-elected, would move forward, you'll forgive me if I don't think about monetary policy.”
"You'll understand that I think about families."
The comments came after Statistics Canada showed that inflation hit 3.7% in July, one of its highest readings over the past two decades and the fourth straight month outside the central bank's 1 to 3% control range.
Market reaction
USD/CAD was last seen trading near 1.2700, up 0.34% on the day.
