A poll shows that more than 40% of people don't trust the bank.
Almost half of Canadians said they trusted the Bank of Canada to fulfill its mandate, but almost the same number said they didn't.
The photo was taken by Blair Gable.
According to a new poll, Canadians don't think the Bank of Canada will be able to control inflation.
A majority of people surveyed by the institute said they trust the central bank to fulfill its mandate, but a minority disagreed. According to the findings, a significant portion of the population doubts Governor Macklem when he says he will bring down inflation. He might have to raise interest rates more than he would if he wanted to keep inflation under control.
Carolyn Rogers, the Bank of Canada's senior deputy governor, spoke at an event in Toronto on June 22. It keeps us up at night and we will not rest easy until we get it back down to where we want to be.
The distrust appears to be on the political side.
A majority of Conservative and People's Party of Canada supporters don't have confidence in the central bank.
Poilievre pledged to fire Macklem if he became prime minister.
Across the floor, almost 70 per cent of Liberal supporters and 47 per cent of New Democrats said they trust the Bank of Canada to keep the consumer price index moving in the right direction. Statistics Canada reported that inflation increased to 7.7 per cent in May.
Canadians aren't too happy with their provincial governments.
Quebec sent out a one-time payment of $500, as well as a gasoline tax holiday and utility rebates, in order to help people deal with rising costs.
In every province, at least two-thirds of respondents said their government was doing a poor job on inflation.
Many Canadians have never seen inflation as high as it is now.
The cost of living was the most important provincial issue for 63 per cent of Canadians, followed by health care at 52 per cent, housing affordability at 31 per cent, climate change at 26 per cent and jobs at 25 per cent.
The percentage of people who said they were financially worse off than a year ago was the highest in at least a decade. More than a third of respondents think they will be worse off a year from now.
The number of Canadians who characterized their situation as uncomfortable or struggling increased over May.
Half of Canadians say it's difficult to feed their families within their budget with groceries and gasoline being two big pain points. Almost half of Canadians said they spent less on fuel because they stayed home, but one in three said they paid more for gas.
The survey was done between June 7 and June 13 The margin of error is 19 times larger than the average.
Postmedia's email is pheaven@postmedia.com
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