While equity finance by convertible bonds and warrant bonds rapidly increased during the bubble period on the back of strong expectations for a rise in stock prices, market expansion based on excessive expectations did not last long after all.
Tiff Macklem: Putting the resolute in resolutions - looking ahead to lower inflation Remarks by Mr Tiff Macklem, Governor of the Bank of Canada, at the Business Council of British Columbia, Vancouver, British Columbia, 12 December 2022. ***  Introduction Good afternoon. It's a great pleasure to be here.