The governor of the Bank of Canada (BOC), TIFF Macklem, and Canadian finance minister, François-Philippe Champagne, presented opposite points of view on Thursday, reviewing their experiences in the G7 this week. Both officials acknowledged that broad discussions were carried out on US tariffs, but warned that there may be “excessive capacity” on the other side of taxes on US imports. UU.
Phampagne’s key outstanding aspects
The G7 statement emphasizes the importance of the G7 unit.
The G7 found a common land in the most important issues.
The G7 will address the risks derived from the shipments of low value packages.
G7 ministers have more work to do in supply chains, financial crimes, growth policies.
The G7 is on the right track to reduce instability and uncertainty.
There was a discussion about US tariffs at the G7 meeting, but also a constructive discussion on other issues such as excessive capacity.
The writing of the G7 statement was not diluted to appease (the US Treasury Secretary.) Besent.
MACKLEM KEY OPINION ASPECTS
The tone of the G7 discussions was particularly constructive.
We are in a crucial moment for the global economy with frankness and a clear approach.
The G7 discussions focused on improving tariff dialogue, solving problems in the global commercial system.
The IMF, with the breath of the G7, agreed to assume more work on global imbalances.
The productive financial discussions of the G7 prepared the stage for a very productive G7 leaders.
Canada’s growth in the second quarter will be weaker due to the advancement of exports in the first quarter.
The consumption in the second quarter will be weaker than it was in the first quarter.
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.
