BOC

Bank of Canada governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down.

Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good.

Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn't substitute the need for higher interest rates.

The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada's financial system later this morning.

The head of the Bank of Canada is warning that the faster pace of price increases may persist longer than first thought, and slow the pace of Canada's economic recovery, as global supply-chain issues weigh on the domestic economy.

The governor of the Bank of Canada pressed the case for COVID-19 vaccines to be sent to developing nations as part of a broader push to not only end the pandemic, but aid Canada's economic recovery and ease price pressures on consumer goods.