US Trade Uncertainty Threatens Canadian Economic Progress

Bank of Canada governor Tiff Macklem warned that the uncertainty surrounding US trade policy could hinder recent economic progress in Canada. Speaking at a Halifax Partnership event, Macklem noted that businesses had adapted to higher tariffs and growth had resumed.

The recent escalation in trade tensions has added to the uncertainty for businesses, according to Macklem. The Bank of Canada governor did not provide specific details on the potential impact of US trade policy on the Canadian economy.