Tiff Macklem: Opening statement - Standing Senate Committee on Banking, Trade and Economy Opening statement by Mr Tiff Macklem, Governor of the Bank of Canada and Ms Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, before the Standing Senate Committee on Banking, Trade and the Economy, Ottawa, Ontario, 1 November 2022. *** Good evening.
The Bank Supervision Department is intensifying and extending its regular monitoring of developments in the banking system, with regard to both the robustness of the system and the role of the banks as a major source of credit.