Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

The Toronto Star

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‘No bounceback:’ Bank of Canada governor says trade war could hurt the economy more than pandemic

"Central banks can do little to mitigate the damage," Bank of Canada governor Tiff Macklem said Friday.

Toronto Sun

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Central bank has limited tools to mitigate trade war: Tiff Macklem

BoC governor Tiff Macklem says the central bank doesn't have a lot of tools in its toolbox to mitigate the devastating effects tariffs have

National Post

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'A new crisis on the horizon': Bank of Canada governor warns of devastating effects of trade war

"If tariffs are long-lasting and broad-based, there won't be a bounce-back... The level of output will be permanently lower," Tiff Macklem said

The Epoch Times

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Trade War Will Wipe out Economic Growth, Push Inflation Up: Bank of Canada Governor

U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation that followed the COVID-19 pandemic, in this scenario the Bank of Canada doesn’t have a lot of tools in its toolbox to mitigate …

The Globe & Mail

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Tiff Macklem warns prolonged trade war with U.S. would permanently weaken Canadian economy

‘If tariffs are long-lasting and broad-based, there won’t be a bounce-back,’ the Bank of Canada Governor said in a speech in Mississauga

La Presse

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Bank of Canada Governor Tiff Macklem states that the central bank does not have many options in its toolbox to mitigate the devastating effects that tariffs would have on the economy.