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Macklem on US policy’s impact on Canadian jobs and inflation

Governor of the Bank of Canada Tiff Macklem arrives to participate in the morning session during of the second day of the 2023 European Central Bank Forum on Central Banking on June 27, 2023, in Sintra, Portugal.
Bank of Canada Governor Tiff Macklem. Photo: Horacio Villalobos#Corbis/Corbis via Getty Images

How evolving US trade policy is reverberating through the Canadian economy.

In a significant address to the St John’s Board of Trade on June 18, Bank of Canada Governor Tiff Macklem painted a clear picture of how evolving US trade policy is reverberating through the Canadian economy, affecting both jobs and inflation.

His remarks, published on the Bank for International Settlements (BIS)