The governor of the Bank of Canada, Tiff Macklem, said on Thursday night that a change of policy in the US was causing uncertainty and that the tariff threats of President Donald Trump were already affecting companies and households, according to Reuters .
Key quotes
Trump’s threats of new tariffs are already affecting business and household confidence, particularly in Canada and Mexico.
The more this uncertainty persists, the more it weighs on economic activity in our countries.
In a world with more structural changes and more negative offer shocks, central banks will face more difficult decisions.
We will be called ineffective or criticized for not doing enough. And some will challenge our independence.
Market reaction
At the time of writing, the USD/CAD was unchanged in the day at 1,4305.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
