Bank of Canada Governor Says Global Resilience Is Under Strain
Bank of Canada Governor Tiff Macklem said the global economy's resilience is under strain after recent shocks tested the system. He cautioned that its ability to handle further disturbances is diminishing.
GMNA Montreal
Bank of Canada Governor Tiff Macklem warned on Saturday that the resilience of the global economy is now under strain. The statement was made in Montreal as recent economic shocks have pushed the worldwide system to its limits.
The central bank noted that while the world economy has managed to endure several recent disturbances, its capacity to absorb additional shocks is weakening.
