Bank of Canada Governor Macklem spoke with the New York Times. The Times is gated, but in brief:
Trump’s tariffs the “biggest headwind” for the countrythe “most important imperative” is for Canada to reach a new trade deal with the USimpact of the tariffs isn’t showing up yet in economic data, policymakers will be “carefully” tracking the extent to which they impact consumer pricesTrump slammed a 25% tariff on Canadian goods Canada has retaliatory tariffs on certain US products.
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