# Macklem Defends Hawkish Shift After Canada’s First Rate Hike in Three Years

https://mins.news/en/item/120191

- Bloomberg News, 2026-10-29 04:39 UTC
- Economy
- Original: https://www.bloomberg.com/news/newsletters/2026-10-28/bank-of-canada-governor-interview-tiff-macklem-explains-why-he-hiked-rates?link_source=ta_bluesky_link&taid=6ae2ce1c53aa080001e545d0

> Macklem defended the hawkish turn following Canada’s first interest-rate increase in three years. Wealthsimple is also valued 38% higher than a year ago.

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