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 country
- the “most important imperative” is for Canada to reach a new trade deal with the US
- impact of the tariffs isn’t showing up yet in economic data, policymakers will be “carefully” tracking the extent to which they impact consumer prices
Trump slammed a 25% tariff on Canadian goods Canada has retaliatory tariffs on certain US products.
This article was written by Eamonn Sheridan at www.forexlive.com.