Focus
Tiff Macklem
ANALYSIS: Bank of Canada Mum on Measure of Full Employment Amid Weakening Job Market
The BoC’s primary goal is to return inflation to 2 percent but it also has to support maximum sustainable employment
85% of Canadians Say They Won’t Use Digital Currency: Bank of Canada Report
Eighty percent of respondents also said regulations should be put in place to require merchants to accept cash as a form of payment.
Bank of Canada Governor Says Budget Update Won’t Add New Inflationary Pressures
Tiff Macklem says the budgetary balance is ‘little changed’ relative to what it was in the budget earlier this year.
Carbon Tax Responsible for 16% of Inflation: Bank of Canada Governor
The BoC governor says inflation would drop 16 percent if Ottawa was to remove its carbon tax altogether.
Government Spending Hindering Bank of Canada Efforts to Lower Inflation: Governor
BoC governor Tiff Macklem says it would be easier to get inflation down if monetary and fiscal policy were ‘rowing in the same direction.’
ANALYSIS: Bank of Canada Points to Why US Is Outperforming Canada Currently
Bank of Canada governor Tiff Macklem called the U.S. economy “surprisingly strong” in his opening remarks at the central bank’s press conference.
Bank of Canada Hits Pause, Doesn’t Mention Risk of US Fed’s Further Rate Hikes
What may be the most compelling reason for the BoC to start raising rates again was not mentioned in its statement.
Bank of Canada Pauses Interest Rate Increases, Signals Readiness to Hike Further if Needed
The pause marked the first time since January 2022 that the BoC did not raise rates—eight consecutive rate hikes for a combined 4.25 percentage points.
