The head of the Bank of Canada warns new players in global debt markets aren’t as closely monitored as traditional banks, which could drive new risks in a period rife with uncertainty. Governor Tiff Macklem was in Toronto on Wednesday speaking to the Global Risk Institute about where he sees vulnerabilities in the financial system. The United States’ and Israel’s attacks on Iran have increased volatility in financial and energy markets, he said in prepared remarks, particularly with a lack of clarity around how long the conflict could last. He said later in a question-and-answer period that the energy price shock ... (full story)