Bank Of Canada Governor: Watching Mortgage Delinquencies Closely, But Less Concerned Than A Year Ago
ReutersJun 18, 2025 5:11 PM
June 18 (Reuters) -
BANK OF CANADA GOVERNOR MACKLEM: I REALLY HOPE WE GET A TRADE DEAL WITH U.S., BUT THAT'S NOT GOING TO SOLVE ALL OUR PROBLEMS
MACKLEM: WE'RE SEEING CONFLICT AROUND THE WORLD; THE WORLD IS BECOMING MORE FRAGMENTED
MACKLEM: WORLD WAS BECOMING MORE FRAGMENTED BEFORE TRUMP WAS ELECTED, SO BUSINESSES ARE STILL GOING TO BE FACING UNCERTAINTY
MACKLEM: INCREASED TRADE FRICTION WITH U.S. IS A NEGATIVE STRUCTURAL SHOCK THAT MONETARY OR FISCAL POLICY CANNOT SOLVE
MACKLEM: NEGATIVE STRUCTURAL SHOCK CAN ONLY BE OFFSET WITH POSITIVE, STRUCTURAL REFORM
MACKLEM: WE ARE WATCHING MORTGAGE DELINQUENCIES CLOSELY, BUT WE ARE LESS CONCERNED THAN WE WERE A YEAR AGO
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