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Macklem: The impact of US trade policy on jobs and inflation in Canada
It’s a pleasure to be here in Newfoundland and Labrador. I want to thank the St. John’s Board of Trade for the invitation to speak to you today. There is no better place to talk about trade than a community of exporters. The sea routes that begin and end in St. John’s have helped feed, supply and build Canada and the world. Port cities are attuned to global commerce. And until recently, the global economy had been recovering well from the hard years of the pandemic. Canada, a country that depends on foreign trade, was benefiting. At the end of 2024, inflation in Canada had been close to the 2% target for ... (full story)
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— FinancialJuice (@financialjuice) June 18, 2025
BoC's Gov. Macklem: The prospect of a new Canada-US trade deal offers hope that tariffs will be removed.
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BoC's Gov. Macklem: Cutting rates would be more difficult if the recent firmness in underlying inflation persists.
— FinancialJuice (@financialjuice) June 18, 2025
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BoC's Gov. Macklem: The Bank of Canada are proceeding carefully with monetary policy.
— FinancialJuice (@financialjuice) June 18, 2025
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BoC's Gov. Macklem: Rate cut could be needed if effects of US tariffs and uncertainty continued to spread through the economy and cost pressures on inflation were contained.
— FinancialJuice (@financialjuice) June 18, 2025
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From youtube.com/bankofcanadaofficial|Jun 18, 2025On June 18, 2025, Governor Tiff Macklem speaks before the St. John’s Board of Trade in partnership with Energy NL.
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