2 d. ago Bank of Canada may abandon core inflation as ‘preferred’ measure, deputy governor says

Central bank focused on underlying inflation in the last two interest rate decisions

Economics

1 week ago Macklem Backs Canada’s Fiscal Shift, Says Tough Reforms Needed

Bank of Canada Governor Tiff Macklem offered a subtle endorsement of the government’s plans to spend on infrastructure, saying policymakers in the past have not done enough to boost productivity and real incomes.

Society

1 week ago Varcoe: Bank of Canada governor says country can benefit from lessons of TMX and LNG Canada to boost economy

The U.S. will remain a crucial trade partner for Canada, but the country needs to 'find new markets for our products and new products for our markets,' Tiff Macklem said

Politics

1 week ago Bank of Canada Says Trump Trade Policy May Hurt Greenback’s Safe

Bank of Canada Governor Tiff Macklem suggested the US dollar’s status as a “global safe asset” may be hurt by President Donald Trump’s trade policies.

Economics

1 week ago Canada waited too long to diversify trade from U.S., BoC governor says

The head of the Bank of Canada says the country waited too long to reduce its economic dependence on the United States and is paying the price today. Governor Tiff Macklem was in Saskatoon Tuesday giving a speech about global trade disruption to Saskatchewan business leaders. He warned that U.S. President Donald Trump’s tariffs have […]

Politics

2 w. ago U.S. tariffs ‘greatest intentional destruction of income ever’: Stephen Poloz

TORONTO — A former Bank of Canada governor says the tariffs being imposed by the U.S. will be the “greatest intentional destruction of income ever.” Stephen Poloz estimates that if U.S. tariffs land somewhere in the vicinity of 10 per cent, they would reduce global income by close to or around two percentage points. While […]

Economics