Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that global imbalances are increasing and may risk financial stability. Speaking to a business audience in Paris., Macklem noted that China\u2019s outward flow of capital continues with the United States remaining the biggest destination for those flows. <\/p>\n
Key takeaways:<\/p>\n
Imbalances are growing as China\u2019s outward flow of capital continues, and the United States has been the biggest destination of capital.<\/p>\n
Global imbalances are growing and may also be fuelling financial stability risks.<\/p>\n
While imbalances adjust slowly, attractiveness of US Dollar may have let imbalances persist longer.<\/p>\n
Leveraged trading strategies of hedge funds and non-bank financial intermediaries may be making this core market more fragile.<\/p>\n
Even as the US has pulled back from open trade, others should look to deepen trade and investment relationships.<\/p>\n
If we want a more balanced and resilient global system, we need to create more places for savings to go beyond just the US.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that global imbalances are increasing and may risk…\n","protected":false},"author":2,"featured_media":514452,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-514451","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/514451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=514451"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/514451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/514452"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=514451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=514451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=514451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}