· Tiff Macklem Wiki · Bank of Canada WikiRelease of the Financial System Review
Read full speech on bis.org ↗ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada, before the Standing Senate Committee on Banking, Trade and Commerce, Ottawa, Ontario, 27 April 2022.
Why it mattersMacklem flags household debt and housing as key vulnerabilities.
Problems raised
- Canadian financial vulnerabilities exist.
- The war adds risks.
- Risks are rising.
Solutions proposed
- Assess vulnerabilities annually.
- Monitor household debt and housing.
- Communicate risks.