Toronto ¨C 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.
Bank of Canada Governor Tiff Macklem made the comments during an interest rate announcement which held the key rate at 2.25%, citing ¡°unpredictable¡± U.S. trade policies.
Macklem has repeatedly warned that the bank¡¯s efforts to forecast the Canadian economy had grown increasingly difficult given the tariffs imposed and threatened by Trump.
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