Global imbalances could fuel financial stability risks, says BoC Governor Macklem
Global imbalances could fuel financial stability risks, says BoC Governor Macklem FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a press conference, after cutting key interest rate, in Ottawa, Ontario, Canada September 17, 2025. REUTERS/Blair Gable/File Photo Reuters By Promit Mukherjee Tue, June 23, 2026 at 10:32 AM PDT 2 min read (Corrects dateline to 'June 23' from 'June 7') By Promit Mukherjee OTTAWA, June 23 (Reuters) - The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led by China's export surplus and the reliance of the United States on foreign capital, and may be fuelling financial stability risks. Speaking to a business audience in Paris, Macklem said global imbalances are widening again after easing in the aftermath of the global financial crisis, as some countries continue to run large surpluses while others rely on borrowing and spending. Macklem's speech comes at a time when the Pres...
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