{"id":756204,"date":"2026-06-23T16:56:09","date_gmt":"2026-06-23T16:56:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/756204\/"},"modified":"2026-06-23T16:56:09","modified_gmt":"2026-06-23T16:56:09","slug":"macklem-raises-alarm-over-growing-global-imbalances-in-paris-speech","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/756204\/","title":{"rendered":"Macklem raises alarm over growing global imbalances in Paris speech"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Bank of Canada Governor Tiff Mackle, pictured in Ottawa in May, spoke to a business audience in Paris on Tuesday.Adrian Wyld\/The Canadian Press<\/p>\n

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

Tiff Macklem is in Paris today where he\u2019s taking aim at global imbalances like overproduction from countries such as China and outsized investment flows into the United States.<\/p>\n

He says trade or fiscal imbalances aren\u2019t inherently problematic and can be part of the normal functioning of global financial systems.<\/p>\n

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

Macklem says innovations like artificial intelligence and cryptocurrencies are exacerbating some of these imbalances and making them harder to track and regulate.<\/p>\n

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","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Bank of Canada Governor Tiff Mackle, pictured in Ottawa in May, spoke to…\n","protected":false},"author":2,"featured_media":756205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-756204","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/756204","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=756204"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/756204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/756205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=756204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=756204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=756204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}