{"id":756016,"date":"2026-06-23T14:57:20","date_gmt":"2026-06-23T14:57:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/756016\/"},"modified":"2026-06-23T14:57:20","modified_gmt":"2026-06-23T14:57:20","slug":"tiff-macklem-raises-alarm-over-global-imbalances-in-paris-speech","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/756016\/","title":{"rendered":"Tiff Macklem raises alarm over global imbalances in Paris speech"},"content":{"rendered":"<p>Jennifer Tozser, senior wealth advisor &amp; portfolio manager at National Bank Financial Wealth Management, joins BNN Bloomberg to discuss Canada&#8217;s economic data. <\/p>\n<p class=\"c-paragraph\">The governor of the Bank of Canada is warning about persistent imbalances between major economic powers in a rare speech to a business audience overseas.<\/p>\n<p class=\"c-paragraph\">Tiff Macklem is in Paris today where he\u2019s taking aim at global imbalances like overproduction from countries like China and outsized investment flows into the United States.<\/p>\n<p class=\"c-paragraph\">He says trade or fiscal imbalances aren\u2019t inherently problematic and can be part of the normal functioning of global financial systems.<\/p>\n<p class=\"c-paragraph\">But he warns that when those imbalances have become too one-sided for too long, they can spill over with consequences for inflation, stock prices and relationships between countries.<\/p>\n<p class=\"c-paragraph\">Macklem says innovations like artificial intelligence and cryptocurrencies are exacerbating some of these imbalances and making them harder to track and regulate.<\/p>\n<p class=\"c-paragraph\">Protectionism might offer some short-term relief to countries grappling with these imbalances, but Macklem urges financial leaders to lean more into open trade and stronger co-operation across borders to build a more resilient global system.<\/p>\n<p class=\"c-paragraph\">This report by The Canadian Press was first published June 23, 2026.<\/p>\n<p class=\"c-paragraph\">Craig Lord, The Canadian Press<\/p>\n<p>Related Stories<\/p>\n","protected":false},"excerpt":{"rendered":"Jennifer Tozser, senior wealth advisor &amp; portfolio manager at National Bank Financial Wealth Management, joins BNN Bloomberg to&hellip;\n","protected":false},"author":2,"featured_media":756017,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,46],"class_list":["post-756016","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/756016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=756016"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/756016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/756017"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=756016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=756016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=756016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}