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Macklem says U.S. trade unpredictability could set back recent economic progress
- Bank of Canada Governor Tiff Macklem said unpredictable U.S. trade policy had increased uncertainty for Canadian businesses.
- Macklem said Canadian businesses had adapted to higher tariffs over the past year and that economic growth had resumed.
- He said continued U.S. tariffs could roughly halve Canada’s economic growth in the fourth quarter, bringing it below one percent.
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11 Articles
11 Articles
The Toronto Star+8 Reposted by 8 other sources
Macklem says U.S. trade unpredictability could set back recent economic progress
HALIFAX - The unpredictability of U.S. trade policy has heightened uncertainty for businesses and could set back the recent progress by the Canadian economy, the Bank of Canada governor said Monday.
·Toronto, Canada
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Bank of Canada Governor Tiff Macklem believes that the unpredictability of U.S. trade policy has increased uncertainty and may hinder recent progress in the Canadian economy.
·Montreal, Canada
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Bank of Canada developing new AI model to help with economic forecasts: Macklem
The Bank of Canada is developing a new artificial intelligence model designed to help officials with economic forecasting. The model, named Prima, was announced on Monday morning as part of central bank governor Tiff Macklem’s speech in Halifax where he warned that the new United States tariffs…
Coverage Details
Total News Sources11
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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