Public trust in the Bank of Canada has been dented by post-pandemic inflation, and it needs to be rebuilt, said governor Tiff Macklem.
Governor of the Bank of Canada Tiff Macklem speaks during a news conference on the Bank of Canada's rate announcement in Ottawa on Wednesday, June 5, 2024. "For many of our citizens, this has been their first experience with high inflation, and it has been painful," Macklem said during a panel discussion at the 2024 Conference of Montreal, alongside Deutsche Bundesbank president Joachim Nagel and BNP Paribas Canada CEO Sonja Volpe.
"But the challenges of the future are rarely the same as those of the past," he said. "Supply shocks are likely to be more important going forward." Atlanta police had barely finished briefing the community about a shooting inside a downtown food court Tuesday afternoon when calls began to come in about a bus hijacking.A Canadian has died in India, Global Affairs Canada confirmed to CTV News Wednesday. Canadian officials are 'engaging with local authorities,' the agency said.Two years after a deadly gun battle between police and a pair of heavily armed assailants stunned the community of Saanich, B.C.
A man was able to seek recourse under B.C.'s Intimate Images Protection Act even though the video shared without his consent was filmed in and posted online from a different province.Billionaire Elon Musk said on Monday he would ban Apple devices at his companies if the iPhone maker integrates OpenAI at the operating system level.
Manitoba’s police watchdog is investigating after the Winnipeg Police Service shot and injured a man on Notre Dame Avenue who was allegedly wielding a knife and tried to set a car on fire Tuesday afternoon.Sask. RCMP responds to 'serious' collision near EsterhazyDarian Durant, Steve Molnar and Roy Shivers will be the 2024 inductees into the Saskatchewan Roughriders' Plaza of Honour, the team announced Wednesday.Country duo from North Dumfries, Ont.
It is estimated that more than 12,000 people in St. Thomas and Elgin County are living below the poverty line.Man convicted in deadly Hwy 11 drunk driving crash arrested for new driving offences
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada needs to rebuild public trust after inflation: governor Tiff MacklemMONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation, and it needs to be rebuilt, said governor Tiff Macklem.
Read more »
Bank of Canada needs to rebuild public trust after inflation, governor Tiff Macklem saysMacklem says the recent bout of inflation has made people feel cheated and angry as their paycheques don’t stretch as far as they did before
Read more »
Bank of Canada cuts key interest rate to 4.75%Bank of Canada Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor hold a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024.
Read more »
National Bank of Canada agrees to buy Canadian Western BankShares of Canadian Western Bank (CWB.TO) are soaring after the National Bank of Canada agreed to buy it for about $5 billion CAD. Yahoo Finance's Julie Hyman...
Read more »
European Central Bank lowers rates after Bank of Canada cutInflation in the 20 countries that share the euro has fallen from more than 10 per cent in late 2022 to just above the ECB's two per cent target in recent months.
Read more »
Cutting interest rates was easy. But the Bank of Canada still has a credibility problemBank of Canada governor Tiff Macklem speaks to reporters during a news conference following the bank's key interest rate announcement in Ottawa on Wednesday, June 5, 2024. Macklem told CBC News in an interview that he worries about the bank losing credibility with Canadians.
Read more »