Bank of Canada Governor Tiff Macklem Archives - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem, Governor of the Bank of Canada

BoC’s Macklem says it’s “reasonable” to expect further rate cuts

September 24, 2024 No Comments

Bank of Canada Governor Tiff Macklem signalled that more interest rate cuts are likely as inflation continues to ease.

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem

June 16, 2024 No Comments

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

Tiff Macklem on June Bank of Canada rate cut

Is today’s Bank of Canada rate cut “one and done” for now?

June 5, 2024 No Comments

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

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 start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

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.

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem

February 1, 2024 2 Comments

Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has “assurance” that inflation is trending back towards its 2% target.

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.

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.”

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

November 1, 2023 1 Comment

The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

Bank of Canada Governor Tiff Macklem before Senate committee

BoC’s Macklem talks government spending, political interference and (not) interest rate cuts

October 30, 2023 1 Comment

Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government

Bank of Canada Governor Tiff Macklem