US EditionBank of Canada signals shift in how it sets rates amid tariff uncertainty
- The head of the Bank of Canada, Tiff Macklem, announced a change in how the central bank sets interest rates due to tariff uncertainty with the United States, complicating long-term forecasts.
- The Canadian economy has avoided recession, benefiting from recent tariffs imposed by the United States and Canada's response to these tariffs.
- Macklem noted the Bank of Canada will now focus on a more flexible approach to monetary policy in light of ongoing trade uncertainties.
- Macklem emphasized the Bank's commitment to price stability, stating, 'we cannot resolve trade uncertainty, but there can be no doubt about our commitment to low inflation.
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Commercial War-- the Bank of Canada must be able to "act quickly," says Macklem
The Governor of the Bank of Canada announced a shift in the way the central bank sets its policy rate, as trade uncertainty with the United States makes long-term forecasts much more difficult.
·Montreal, Canada
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Bank of Canada Signals Shift in How It Sets Rates Amid Tariff Uncertainty
The head of the Bank of Canada has signalled a shift in how the central bank sets its benchmark interest rate at a time when tariff uncertainty with the United States has made long-term forecasting much more difficult. Governor Tiff Macklem was in Calgary on Thursday speaking to the city’s economic development group. The Canadian economy was in a strong position at the start of 2025 as inflation was under control and growth was picking up, he sa…
·New York, United States
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Total News Sources31
Leaning Left7Leaning Right4Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 21%
R 29%
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