US EditionBank of Canada will be ‘humble’ as it returns to economic forecasts: Macklem
Governor Tiff Macklem says forecasts will resume with caution as trade uncertainties persist, citing a 60,000 gain in September jobs and ongoing risks to investment and exports.
- Governor Tiff Macklem stated that the Bank of Canada will approach economic forecasting with humility due to ongoing trade uncertainty, especially concerning U.S. tariffs.
- Macklem noted a decrease in uncertainty around U.S. tariffs since the spring and highlighted concerns about the upcoming review of the Canada-U.S.-Mexico Agreement.
- Macklem mentioned that recent surveys indicate businesses are cautious about investments and hiring due to uncertainty, despite a reported gain of 60,000 jobs in September.
- He acknowledged that while global economic uncertainty is still high, artificial intelligence could boost investment and productivity, indicating a complex relationship with economic stability.
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17 Articles
The Bank of Canada will have to show "humbness" in its economic forecasts, said Governor Tiff Macklem, while uncertainty persists.
Bank of Canada Will Be ‘Humble’ as It Returns to Economic Forecasts: Macklem
Governor Tiff Macklem says the Bank of Canada will have to be “humble” in its return to formal economic forecasting as trade uncertainty continues to swirl. The central bank intends to publish a forecast for the economy at its upcoming interest rate decision on Oct. 29—something it hasn’t done since the start of this year as U.S. tariffs clouded the economic horizon. Macklem is in Washington, D.C., this week for the International Monetary Fund’s…
Governor Tiff Macklem has argued that the Bank of Canada will have to be humble in its return to official economic forecasts, while trade uncertainty persists.
Bank of Canada will be 'humble' as it returns to economic forecasts: Macklem (Canada)
Governor Tiff Macklem says the Bank of Canada will have to be "humble" in its return to formal economic forecasting as trade uncertainty continues to swirl. The central bank intends to publish a forecast for the economy at its upcoming interest rate decision on Oct. 29 - something it hasn'...
Winnipeg Free Press
Bank of Canada will be 'humble' as it returns to economic forecasts: Macklem
Breaking News, Sports, Manitoba, Canada
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