Search results for Tiff Macklem

Macklem warns against hiking too early or too late on oil shock

Bank of Canada Governor Tiff Macklem said central banks around the world are positioned differently when it comes to economic slack and inflation, and their responses to the oil pr...

Interest rate hikes possible if inflation and high energy prices become persistent, Tiff Macklem tells MPs

Bank of Canada stands 'ready to respond as needed' if high energy prices start being passed through to other goods and services, governor tells Finance Committee

Bank of Canada's Macklem backs Fed independence ahead of Powell departure

Bank of Canada Governor Tiff Macklem told parliament he expects the Federal Reserve's culture and conduct to continue unchanged under its incoming chairman, dismissing concerns abo...

Bank of Canada makes interest rate decision

Inflation spike and weak labour market play into Macklem's call

Bank of Canada warns rates could rise if inflation spreads beyond energy costs

Macklem says policymakers are watching for signs that higher oil prices are feeding into broader inflation, while trade risks could still shift the outlook toward rate cuts

Bank of Canada's Macklem says he has spoken to Fed chair about risks from Anthropic's Mythos AI model

'I don't think anybody knows the full implications at this point,' governor said following IMF meetings in New York

Bank of Canada head Macklem warns consecutive rate hikes possible if oil prices stay high

Bank of Canada Governor Tiff Macklem warned that if high oil prices begin feeding into broader inflation, the central bank may need to deliver consecutive increases to its policy r...

Bank of Canada adds Gosselin, Vincent to full-time rate-setting council

The Bank of Canada has selected two new deputies for full-time positions on its rate-setting governing council.

Trump blockade, Macklem comments cause Canadian bonds to tumble

Canadian government bonds were hammered after the Bank of Canada’s top official raised the prospect of back-to-back rate hikes if energy prices cause broader inflation — just as oi...

Bank of Canada holds at 2.25%, says rate ‘looks appropriate’

The Bank of Canada held interest rates steady, saying adjustments to borrowing costs would be likely be small if the economy and inflation evolve as expected.

Bank of Canada sees no clear rate path amid tariff and oil risks

Bank of Canada officials discussed a “range of views” on the most likely path for interest rates last month, weighing various possible outcomes of the Iran war and a review of the...

Posthaste: Why the threat of Bank of Canada rate hikes could reignite the housing market

Governor Tiff Macklem warned that if energy prices remain high the central bank may be forced to hike rates more than once

Bank of Canada appoints two deputy governors, dropping ‘external’ title for one

OTTAWA — The Bank of Canada is filling two vacancies on its governing council with a pair of economists who are already well known at the central bank. In May, the Bank of Canada’s...

Bank of Canada likely to hold as oil shock hits

The Bank of Canada is likely to hold interest rates steady as officials weigh the inflationary impact of the war in Iran against the economic damage wrought by U.S. tariffs.

Bank of Canada names Gosselin and Vincent as deputy governors

Bank of Canada weighs clearer playbook to handle supply shocks

The Bank of Canada is weighing whether to spell out how it responds to supply shocks in its monetary policy framework, including how much emphasis it places on the strength of the...

Global financial systems must ‘come to grips’ with AI risks, BoC governor says

Bank of Canada Governor Tiff Macklem says while there's been a fair amount of discussion about Antrhopic's Mythos, no one knows yet the full implications of this latest AI advance.

Who is incoming U.S. Federal Reserve chair Kevin Warsh and what will his tenure mean for Canada?

No stranger to Carney and Macklem, next Federal Reserve chair takes over amid intense White House pressure to cut interest rates

Carney aims for building boom as Canada’s tax revenue rises

Prime Minister Mark Carney chose to spend a revenue windfall on measures to support building projects to boost exports, leaving Canada’s fiscal trajectory little changed.

Prime Minister Mark Carney touts Canadian values in speech at global progress summit

TORONTO — Prime Minister Mark Carney says Canada needs to build new institutions and reimagine old ones as an antidote to the anxieties that people and governments are grappling wi...

Bank of Canada likely to stay put for now, says Paul Beaudry

Watch: 'It's a wait-and-see from the Bank, but it's a wait-and-see while looking at a lot of developments in the economy'

Bank of Canada appoints two deputy governors

Marc-André Gosselin and Nicolas Vincent will begin their appointments effective May 25 and Aug. 3, respectively

Bank of Canada holds interest rates: Read the official statement

Holds key interest rate at 2.25%

IMF sees Canada’s fiscal position as strongest in Group of Seven

By Erik Hertzberg (Bloomberg) — The International Monetary Fund lauded Canada’s fiscal position relative to its peers as Prime Minister Mark Carney prepares to give an update on hi...