US EditionRules-based trade with US is 'over': Canada central bank head
Bank of Canada Governor Tiff Macklem cites unpredictable U.S. trade policies and risks from the USMCA review as key challenges disrupting Canadian economic growth.
- Canada's central bank governor, Tiff Macklem, stated that the era of rules-based trade with the United States is "over."
- Macklem indicated that forecasting Canada's economy is becoming increasingly difficult due to tariffs imposed by President Donald Trump.
- Macklem emphasized that Canadian growth is stunted by U.S. policy, citing its negative impact.
- He mentioned that the upcoming review of the USMCA poses an important risk to trade relations.
28 Articles
28 Articles
Canada Says "Rules-Based Trade With US Is Over"
The era of rules-based trade with the United States is "over," Canada's central bank governor said Wednesday, echoing a stark warning from the country's prime minister that President Donald Trump's impact on global trade is permanent.
The U.S.-Canada trade relationship is no longer "rule-based," said the Governor of the Bank of Canada on Wednesday, a few days after Prime Minister Mark Carney's very notable speech that the world order was "fractured."
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Rules-based trade with US is 'over': Canada central bank head
The era of rules-based trade with the United States is "over," Canada's central bank governor said Wednesday, echoing a stark warning from the the country's prime minister that President Donald Trump's impact on global trade is permanent.
"It is clear that the era of open and regulated trade with the US has ended," said the Governor of the Bank of Canada, Tiff Macklem, quoted by the French Presse Agency (AFP). Last week, Canada's prime minister, Mark Carney, called on the World Forum, in Davos, to join the "medium powers" against the hegemonic forces. In response, US President Donald Trump warned that Carney should "be careful with what he says", stressing that "Canada exists bec…
'Unpredictable' policies: Rules-based trade with US is 'over': Canada central bank head
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