Tiff Macklem speech

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.

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 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.”

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 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.

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

BoC’s Macklem reiterates that rates need to rise further. But by how much?

November 24, 2022 No Comments

For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further.

Bank of Canada Governor Tiff Macklem before Senate committee

BoC’s Macklem: Rate hikes will end soon, but “we are not there yet”

November 2, 2022 No Comments

The Bank of Canada is nearing the end of its rate-hike cycle, but it’s not quite there yet.