The Bank of Canada Governor contrasted weak economic conditions in Canada and the European Union with the roaring economy of the United States
Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday.
Macklem contrasted weak economic conditions in Canada and the European Union with the roaring economy of the United States.Macklem’s remarks come as economists increasingly expect Canada to begin cutting interest rates before the United States makes a move. Statistics Canada’s latest consumer price index report Tuesday showed the annual inflation rate was 2.9 per cent in March, up slightly from 2.8 per cent in February.
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