Canada's excess demand "gone": central bank governor

OTTAWA, Nov. 22 (Xinhua) -- Bank of Canada Governor Tiff Macklem said on Wednesday that the excess demand in the country's economy that made it too easy to raise prices "is now gone."

Outlining how monetary policy is working to bring the inflation down, Macklem said interest rates may now be restrictive enough to get Canadians back to price stability.

The central bank responded forcefully to high inflatio