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Bank of Canada’s Macklem Warns Global Resilience ‘Under Strain’
Macklem said resilience is being tested as wars and trade disruptions push up energy costs, while countries have limited room to keep tapping oil reserves.
- On Saturday, October 17, 2026, Bank of Canada Governor Tiff Macklem told reporters in Bangkok that the global economy has performed better than expected, though resilience is being tested by recent shocks.
- Ongoing wars in Ukraine and Iran, alongside sweeping trade disruptions, are straining global economic resilience, Macklem explained at the International Monetary Fund meetings.
- Persistent Middle East conflict is driving up energy prices, and Macklem warned that global oil reserves cannot be released indefinitely before supplies require restocking.
- Statistics Canada will release its September inflation report on Monday, showing the Bank of Canada how domestic prices are responding to these global cost pressures.
- While the global economy has held up through recent shocks, Macklem noted that this economic resilience is increasingly "under strain" as external challenges persist.
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Bank of Canada’s Macklem warns global resilience ‘under strain’
The head of the Bank of Canada says the global economy has held up well through a series of recent shocks but that resilience is being tested. Bank of Canada governor Tiff Macklem spoke to reporters today from the sidelines of the International Monetar...
·Prince George, Canada
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Coverage Details
Total News Sources23
Leaning Left14Leaning Right0Center7Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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