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Bank of Canada Governor Macklem says tariff threat weighing on CAD

January 29, 2025 at 11:20PM
Bank of Canada Governor Macklem with some comments after the Bank cut rates again this week:

Forexlive Americas FX news wrap 29 Jan. The BOC cuts rates by 25 bps. Fed remains steady.

Macklem:

low inflation has been restored

the threat of tariffs is having a bigger impact on the Canadiaon dollar than is the interest rate differential with the US

can mitigate tariff impact to avoid abrupt changes

household debt is not sustainable re growth in consumption

This article was written by Eamonn Sheridan at www.forexlive.com.

Bank of Canada Governor Macklem says tariff threat weighing on CAD