‘No economic bounceback’: Bank of Canada governor says trade war could hurt the economy more than pandemic
“Increased trade friction with the United States is a new reality,” he warned Friday, adding that “Unlike the pandemic, if tariffs persist there will be no economic bounceback,” noting that tariff ...
Canadian dollar weakens as BoC signals likely tariff response
TORONTO, Feb 21 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday as the greenback notched ...
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Bank of Canada governor says trade war is different for the economy than COVID
The COVID-19 pandemic eventually brought a rapid recovery for the economy, but Bank of Governor Tiff Macklem says don’t ...
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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 ...
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TSX Closer: The Index Completes a Hat Trick of Losses Amid Concerns Around the Impact of Likely Tariffs
The Toronto Stock Exchange fell for a third-straight session Friday, dropping sharply as a tariff war between Canada and the United States is seen as imminent while oil prices moved sharply lower. The ...
Macklem says Trump tariffs would ‘wipe out growth in the economy’ of Canada for 2 years
Bank of Canada Governor Tiff Macklem said Friday that tariffs imposed by U.S. President Donald Trump would “all but wipe out growth in the economy” for 2025 and 2026.