Bank of canada speeches

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.

High immigration contributing to housing inflation, BoC says

December 7, 2023 No Comments

While spending by newcomers to Canada is having a negligible impact on headline inflation, it is contributing to elevated housing and rent prices, the Bank of Canada says.

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.”

Carolyn Rogers, senior deputy governor of the Bank of Canada,

“We could see rates stay higher for longer,” Bank of Canada says

November 9, 2023 No Comments

Canadians must prepare themselves for the possibility that interest rates remain “higher for longer,” the Bank of Canada’s Senior Deputy Governor said today.

Larger and more regular price hikes by businesses keeping inflation “sticky,” says BoC

October 3, 2023 No Comments

The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like.

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.

Bank Of Canada Deputy Governor Paul Beaudry

Risk of “sticky” inflation and high household spending led to rate-hike decision: BoC

June 8, 2023 No Comments

Economic data since April “tipped the balance” of evidence that additional monetary policy tightening was needed.

Toni Gravelle, deputy governor of the Bank of Canada

Bank of Canada “ready to act” to support market liquidity if needed

March 30, 2023 2 Comments

The Bank of Canada stands ready to intervene should the financial system become strained and require additional liquidity.

Bank of Canada not ruling out additional rate hikes just yet

March 9, 2023 No Comments

The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”

Tiff Macklem delivering 2022 year-end speech

“Much higher” interest rates will be needed if inflation sticks, says Macklem

December 12, 2022 No Comments

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday.