Tag Archives: Tiff Macklem

Bank of Canada Governor Tiff Macklem defended his stance for interest rate pause, while laying out metrics that may prompt another increase in borrowing costs. Macklem also pointed out that it can take 18 to 24 months to see the full effects of higher interest rates, which have jumped 425 …

Following the Bank of Canada’s decision to raise the policy rate by 25 basis points to 4.5%, Bank of Canada (BoC) Governor Tiff Macklem delivers his remarks on the policy outlook and responds to questions. Key Remarks “Bank of Canada has raised rates rapidly, now it’s time to pause and …

The Bank of Canada (BoC) announced on Wednesday that it hiked its benchmark interest rate by 25 basis points to 4.5% following the January policy meeting. This decision came in line with the market expectation. In its policy statement, the BoC noted that it is likely to hold the rate …

The Canadian dollar weakened 0.3% against the American counterpart on Thursday, meanwhile November’s flash estimate has indicated relatively higher wholesale trade by 1.9% and the price of WTI crude oil increases 1.1%. The USD/CAD is slightly changed on Thursday, trading at 1.3678 in the US session versus the previous closing …

“Canadians should expect even more rate hikes to come on top of six that have already happened this year,” said Bank of Canada Governor Tiff Macklem during an interview with CBC News late Thursday.As for price reaction, the USD/CAD pair bears take a breather at a seven-week low, around 1.3323 …

The USD/CAD pair climbs above 1.3700 as traders eye a break of 1.3800 as they focus on Friday’s NFPs. The Bank of Canada’s Governor Macklem said, “further interest rate increases are warranted,” reiterating the BoC’s hawkish stance. The USD/CAD climbs sharply during the US session, as Fed officials remained focused …

Bank of Canada Governor Tiff Macklem said on Thursday that further rate hikes will be needed since there is more work to be done on inflation. The USD/CAD pair’s performance ignored these comments and was last seen rising 0.8% on the day at 1.3725 and is trading at the time …

Following the Bank of Canada’s (BOC) decision to hike the policy rate by 100 basis points to 2.5% in July, Governor Tiff Macklem is delivering his remarks on the policy outlook and responding to questions from the press.Meanwhile, Senior Deputy Governor Carolyn Rogers argued that part of restoring the balance …

The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …

The governor of the Bank of Canada is signalling Canada’s key interest rate could go up another half percentage point in June to help fight inflation and keep it under control. Two weeks ago the central bank raised its key interest rate a half point to one per cent and …