Bank of Canada governor Tiff Macklem delivered a speech at the Toronto Region Board of Trade Thursday and said the central bank is ready to step in if stress in the global banking system affects Canada.

Source: https://www.baytoday.ca/business/boc-can-address-banking-system-stress-even-as-it-fights-inflation-macklem-6952195

But if we do too much, we risk making economic conditions unnecessarily painful for everybody,” Macklem said.

Source: https://globalnews.ca/news/9827110/bank-of-canada-interest-rate-july-2023/

Macklem acknowledged Wednesday that the cumulative rate hikes will strain Canada’s economy and ratchet up the pressure on households, though he maintained it is necessary to slow spending demand and ultimately cool inflation.

Source: https://globalnews.ca/news/9434819/bank-of-canada-interest-rate-jan-2023/

Macklem is done.

Source: https://www.forexlive.com/technical-analysis/usdcad-stays-above-the-100200-hour-mas-macklem-is-done-20230125/

“We will benefit greatly from his experience and expertise in economic modelling, monetary policy framework design, and international policy issues,” BoC Governor Tiff Macklem said in a statement.

Source: https://www.shorenewsnetwork.com/2023/05/12/bank-of-canada-names-2/

While Rogers and Macklem said there were already signs that food prices were going to come down, a more intractable problem is the impact of high interest rates on housing, which remains expensive and in short supply, as many senators and MPs noted.

Source: https://www.cbc.ca/news/business/boom-global-bust-column-don-pittis-1.6815554?cmp=rss