‘There won’t be a bounceback’: Macklem warns of long-lasting impact of Trump tariffs

Tariffs could 'wipe out' our economic growth, warns Bank of Canada

Tariffs could weaken the country's economy in the next two years, says Bank of Canada (BoC) governor Tiff Macklem.

‘There won’t be a bounceback’: Macklem warns of long-lasting impact of Trump tariffs

Watch ‘There won’t be a bounceback’: Macklem warns of long-lasting impact of Trump tariffs Video Online, on GlobalNews.ca

"There won’t be a bounceback": Trump tariff impact will be long-lasting, Bank of Canada warns

Global News on Youtube has the story.Bank of Canada Governor Tiff Macklem issued a stark warning during a speech to members of the Mississauga Board of Trade on Friday, saying that the hit to the Canadian economy from broad-based tariffs would be permanent.“In the pandemic, we had a steep recession followed by a rapid recovery as the economy reopened,” Macklem said. “This time, if tariffs are long-lasting, there won’t be a bounceback.”Macklem sa…