BoC Governor Macklem Warns Global Imbalances Threaten Financial Stability

Bank of Canada Governor Tiff Macklem warned on June 23, 2026, that global imbalances in financial flows could escalate risks to financial stability. The statement underscores ongoing concerns among central banks regarding potential systemic vulnerabilities stemming from international capital movements. Macklem's comments highlight the interconnectedness of global financial markets and the need for vigilance against macro-financial risks. His remarks did not specify particular imbalances but pointed to the broader challenge of maintaining stability amidst complex cross-border financial activity.