Bank of Canada warns tariffs could slash fourth-quarter growth
Bank of Canada Governor Tiff Macklem warned that ongoing trade wars and Middle East conflicts could significantly slow Canada's economic growth in the fourth quarter. Despite recent gains in exports and business investment, geopolitical instability remains a major risk to the recovery.
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Economic forecasts from central banks influence interest rate policies and investor confidence, impacting the broader Canadian economy.
Copy Link Email X Reddit Pinterest LinkedIn Tumblr Bank of Canada governor warns new tariffs could cut fourth-quarter growth in half In a speech in Halifax today, Tiff Macklem said the trade war and Iran conflict could derail economic recovery
Join the conversation Bank of Canada Governor Tiff Macklem spoke in Halifax Monday. Photo by HYUNGCHEOL PARK/Postmedia Article content Bank of Canada governor Tiff Macklem says the persistent trade war with the United States and conflict in the Middle East could unravel the recent rebound in the Canadian economy and significantly slow economic growth.
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“We are all operating in a world where structural change, geopolitical fragmentation and supply disruptions are becoming more common,” he said in a speech in Halifax on Monday morning.
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