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MNI POLICY: BOC Says Climate Change Work Must Get Faster

OTTAWA (MNI)

Bank of Canada Governor Tiff Macklem said Tuesday policy makers must move faster to understand the financial and economic risks posed by climate change, which threaten to upend markets as investors reprice assets through the transition to lower-carbon production.

"This is no different than our need to understand other major forces on the economy like technological change, an aging population and the ever-shifting dimensions of globalization," Macklem said. "To be frank, we all need to pick up the pace."

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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