BoC speech Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada to end quantitative tightening earlier than expected

January 17, 2025 1 Comment

The Bank of Canada expects to end quantitative tightening in the first half of this year and return to more normal asset purchasing levels, likely becoming the first major central bank to unwind its pandemic asset purchases.

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.

High immigration contributing to housing inflation, BoC says

December 7, 2023 No Comments

While spending by newcomers to Canada is having a negligible impact on headline inflation, it is contributing to elevated housing and rent prices, the Bank of Canada says.

Tiff Macklem, Governor of the Bank of Canada

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.”

Carolyn Rogers, senior deputy governor of the Bank of Canada,

“We could see rates stay higher for longer,” Bank of Canada says

November 9, 2023 No Comments

Canadians must prepare themselves for the possibility that interest rates remain “higher for longer,” the Bank of Canada’s Senior Deputy Governor said today.

Larger and more regular price hikes by businesses keeping inflation “sticky,” says BoC

October 3, 2023 No Comments

The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like.

“Ups and downs” in inflation not unusual: BoC

September 19, 2023 No Comments

Despite the larger-than-expected rise in inflation in August, the Bank of Canada says that such “ups and downs” are not unexpected.

It’s possible interest rates aren’t high enough: BoC’s Macklem

September 7, 2023 1 Comment

While the Bank of Canada is “encouraged” by the way higher rates are working to slow inflation, Governor Tiff Macklem said it’s possible interest rates aren’t yet high enough.

Bank Of Canada Deputy Governor Paul Beaudry

Risk of “sticky” inflation and high household spending led to rate-hike decision: BoC

June 8, 2023 No Comments

Economic data since April “tipped the balance” of evidence that additional monetary policy tightening was needed.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

BoC’s Macklem: Until inflation reaches 2%, “our job is not done”

May 5, 2023 No Comments

Despite positive developments on the inflation front, the Bank of Canada won’t rest until it returns to the Bank’s 2% target. And rate hikes remain in the Bank’s back pocket if need be.

BoC speech