MORNEAU'S MEMORY LAPSE

   Conservative leadership candidate Pierre Poilievre made an art of channelling millennial rage, going so far as to say he’d fire current BoC governor Tiff Macklem. Cue moral panic.
   On Wednesday, in Morneau’s keynote for the CD Howe Institute’s annual directors’ dinner, he made it pretty clear what he thinks of Poilievre’s promise. “Canada is a country with political institutions that are, in many cases, the envy of the world. Yet there are politicians — who absolutely do know better — who are not only taking those institutions for granted, they’re willing to actively undermine them if it gives them the slightest political advantage,” he said, according to his prepared remarks.
   Except it’s rather rich to complain about scorched earth when, less than two years ago, Morneau was dousing the place in lighter fluid.
   Canadians’, and particularly younger Canadians’, issues with the bank can basically be attributed to three things: the housing crisis, inflation and questions about its independence. As finance minister, Morneau made all three of these worse.