Bank of Canada Governor Tiff Macklem

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

“Still too early” to start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem

February 1, 2024 2 Comments

Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has “assurance” that inflation is trending back towards its 2% target.

Still too early to talk about rate cuts, BoC’s Macklem says

December 15, 2023 No Comments

While Bank of Canada Governor Tiff Macklem says weakness in 2024 will lead us back to a balanced economy, he added it remains too early to start talking about rate cuts.

Tiff Macklem, Governor of the Bank of Canada

BoC’s Macklem doesn’t want to repeat the inflation-fighting mistakes of the 1970s

November 22, 2023 3 Comments

As a teenager growing up in the 1970s, Tiff Macklem said he recognized the impact high inflation was having on everyone: “Inflation made everyone angry.”

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

November 1, 2023 1 Comment

The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

Bank of Canada Governor Tiff Macklem before Senate committee

BoC’s Macklem talks government spending, political interference and (not) interest rate cuts

October 30, 2023 1 Comment

Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government

It’s possible interest rates aren’t high enough: BoC’s Macklem

September 7, 2023 1 Comment

While the Bank of Canada is “encouraged” by the way higher rates are working to slow inflation, Governor Tiff Macklem said it’s possible interest rates aren’t yet high enough.

BoC’s Macklem: Until inflation reaches 2%, “our job is not done”

May 5, 2023 No Comments

Despite positive developments on the inflation front, the Bank of Canada won’t rest until it returns to the Bank’s 2% target. And rate hikes remain in the Bank’s back pocket if need be.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada watching trend of longer amortization periods among borrowers

April 19, 2023 3 Comments

The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.