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Bank of Canada: world is now more prone to shocks than we’d like

The world is now more prone to shocks than previously thought, according to the Bank of Canada.
Current economic conditions show increased vulnerabilities highlighted by recent events.
Policymakers must prepare for potential disruptions in global systems.
Managing these shocks requires coordinated efforts, as stated by the Bank of Canada.

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Financial Post

Here's what economists say the latest inflation numbers mean for the Bank of Canada

Here's what the latest inflation numbers mean for the Bank of Canada as it faces a fresh year of interest rate decisions. Find out more.

Prepare for uncertain, shock-prone future, Bank of Canada head tells B.C. crowd

‘We need to use the pandemic experience to prepare for future crises’: Macklem

2 months ago·Nelson, Canada

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The Epoch Times

Bank of Canada Preparing for More Uncertain, Shock-Prone Future

Bank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade, he said Monday structural changes are underway in the world including demographic shifts, technological changes, decarbonization and a move away from globalization. “We need to use the pandemic experience to prepare for future crises,” Macklem said in a prepa…

2 months ago·New York, United States

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WTVB

Bank of Canada: world is now more prone to shocks than we’d like

By David Ljunggren OTTAWA, Dec 16 (Reuters) – Bank of Canada Governor Tiff Macklem on Monday said the world was now more prone to economic shocks and the central bank therefore needed to ensure it was better prepared for an uncertain future. Macklem said deglobalization, demographic shifts, digitalization and decarbonization were all having significant effects on jobs, growth and inflation while trade protectionism and economic fragmentation wer…

2 months ago

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BizToc

Bank of Canada governor Tiff Macklem preparing for a ‘shock-prone’ future

Bank of Canada governor Tiff Macklem says the central bank is preparing for a future that is more uncertain. “Monetary policy cannot eliminate any of this uncertainty,” said Macklem, in an end-of-year speech delivered to the Greater Vancouver Board of Trade. “But by keeping inflation low and…

2 months ago

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FXStreet

BoC's Macklem: Below-forecast growth could keep inflation low

Bank of Canada (BoC) Governor Tiff Macklem spoke at the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a reignition in inflationary pressures.

2 months ago

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