Bank of Canada Governor Macklem with some comments after the Bank cut rates again this week:
Macklem:
- low inflation has been restored
- the threat of tariffs is having a bigger impact on the Canadiaon dollar than is the interest rate differential with the US
- can mitigate tariff impact to avoid abrupt changes
- household debt is not sustainable re growth in consumption
This article was written by Eamonn Sheridan at www.forexlive.com. Source