AI news brief
With one year left for Macklem, it’s still one battle after another
Globe and Mail - Business - 2026-07-18
AI Summary
Bank of Canada Governor Tiff Macklem acknowledges a more unpredictable global environment characterized by supply shocks and volatility, impacting monetary policy decisions. With less than a year left in his term, the Bank is developing new forecasting models to better understand economic shocks and their impact on inflation. Discussions are underway for a mandate review that will examine monetary policy in a volatile world and its effect on housing affordability.
Key takeaways
- Global environment is more volatile and unpredictable.
- Bank of Canada developing new economic forecasting models.
- Mandate review to include housing affordability impact.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.