Former Bank of Canada governor says Trudeau doesn’t care about monetary policy, just like his father

A former Bank of Canada governor had strong criticism for Trudeau's recent public gaffe in which he brushed off a serious question by a reporter regarding Canadian monetary policy.

"You’ll forgive me if I don’t think about monetary policy," said Trudeau at the time when asked about possible changes to the Bank of Canada's mandate at the year's end.

Trudeau has also been accused in recent days of violating lockdown rules during a Coburg Ontario campaign stop.

According to BNN Bloomberg Canada, Dodge told the press:

"I'm not totally surprised. Neither Trudeau I nor Trudeau II have been terribly interested in monetary policy, very unfortunately. In any event, he's wrong."

"The new government has a very important set of decisions to make coming up on monetary policy and in terms of the renewal of the agreement with the Bank of Canada."

Dodge went on to say that, in his opinion, no adjustments to the mandate should be made, and that inflation targets should not change.

"The central banks are wide awake to the issues at hand here, but would be preparing themselves for somewhat more restrictive monetary policy so that that would not come as a shock to the financial system when we get out to the end of '22 and into '23."

The Ottawa Bureau Chief for Bloomberg, Theo Argitis, himself tweeted on his personal account:

"Asked about Trudeau's comments re monetary policy just now on BNN, David Dodge -- a Chretien-era aide and  Bank of Canada governor:  "I'm not totally surprised. Neither Trudeau 1 nor Trudeau 2 have been terribly interested in monetary policy, very unfortunately''

"Pretty sure Trudeau regrets the comment because it is flippant. If you've just spent half a trillion dollars and inflation is at decade highs, even if for good reason, people want to be reassured that indeed you are sweating the details."