19 h. ago Bank of Canada’s Macklem Doubts Core Inflation Gauges, Pledges Review

Bank of Canada Governor Tiff Macklem says underlying price pressures may be cooler than indicated by the central bank’s two preferred measures of core inflation.

Economics

20 h. ago ‘A new crisis on the horizon’: Bank of Canada governor warns of devastating effects of trade war

'If tariffs are long-lasting and broad-based, there won't be a bounce-back... The level of output will be permanently lower,' Tiff Macklem said on Friday

Politics

21 h. ago Bank of Canada Sees Trade War Permanently Cutting Output by 2.5%

While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.

Economics

22 h. ago Bank of Canada governor’s tariff warning: ‘There won’t be a bounceback’

Bank of Canada governor Tiff Macklem said the shock from U.S. tariffs would be very different from the economic downturn caused by the COVID-19 pandemic.

Politics

22 h. ago Central bank has limited tools to mitigate trade war: Tiff Macklem

MISSISSAUGA, ONT. — Bank of Canada governor Tiff Macklem says the central bank doesn’t have a lot of tools in its toolbox to mitigate the devastating effects tariffs would have on the economy. In prepared remarks for a speech Friday, Macklem said if the U.S. imposes its threatened tariffs and Canada retaliates, Canadian economic growth […]

Economics

22 h. ago Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

MISSISSAUGA, ONT. — U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation […]

Economics