The Latest Breaking News from Tiff Macklem

Bank of Canada unveils new $20 banknote featuring King Charles III

Canada has unveiled a new $20 banknote featuring King Charles III, marking the first time his portrait appears on a Canadian banknote and the first change of monarch on the country’s notes in more than seven decades.

The Times of India · Sep 4

Canada Central Bank Cuts Key Lending Rate Citing Trump Tariffs

Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump's trade war.

International Business Times · Sep 17, 2025

Canada Central Bank Holds Rate Steady Citing US Tariff 'Threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

International Business Times · Jul 30, 2025

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the bank’s governor, received imploring letters from premiers spanning both the country and the political spectrum.

The Conversation · Sep 28, 2023

The Bank of Canada just hiked interest rates for the sixth time — is it too late?

Following closely on the heels of the European Central Bank and the U.S. Federal Reserve Board, the Bank of Canada has raised its target interest rate by 50 basis points. This is its sixth interest rate hike this year.

The Conversation · Oct 27, 2022

Global Housing Boom Fades as Interest Rates Climb

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.

Bangkok Post · Jul 20, 2022

Russia sanctions 61 Canadian officials, journalists, military experts

Russia's foreign ministry on Thursday announced sanctions against 61 Canadian officials, journalists and military experts for supporting what it called the "Russophobic" stance of the Canadian administration.

Reuters · Apr 21, 2022