Bank of Canada governor: Trump’s tariffs creating once-in-a-century economic shock
2025-04-17 11:29:17 source：Politico
April 16, 2025
OTTAWA — Canada’s central bank chief is blaming President Donald Trump’s chaotic tariff war for “violently” damaging the economy of America’s northern neighbor.
“The Canadian economy ended 2024 in good shape,” Governor Tiff Macklem said Wednesday during an interest rate announcement that preserved the status quo.
“Since January, we’ve had a seismic shift in U.S. trade policy and a sharp increase in uncertainty. New tariffs are now in place on key Canadian industries and on every other U.S. trade partner. Financial markets in Canada and around the world have violently repriced and remain volatile,” he said.
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