Bank of Canada Governor Tiff Macklem Archives - Page 2 of 2 - Mortgage Rates & Mortgage Broker News in Canada

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

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.

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.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada watching trend of longer amortization periods among borrowers

April 19, 2023 3 Comments

The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.

Tiff Macklem delivering 2022 year-end speech

“Much higher” interest rates will be needed if inflation sticks, says Macklem

December 12, 2022 1 Comment

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday.

BoC’s Macklem reiterates that rates need to rise further. But by how much?

November 24, 2022 No Comments

For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further.

Bank of Canada Governor Tiff Macklem