Bank of Canada Governor Tiff Macklem expressed concerns on Thursday about the impact of U.S. policy shifts and President Donald Trump's tariff threats on Canadian and Mexican businesses and households. He stated that the uncertainty surrounding these threats is already affecting confidence and could weigh on economic activity if prolonged.
OTTAWA, Feb 6 - Bank of Canada 's Governor Tiff Macklem said on Thursday that a policy shift in the U.S. was causing uncertainty and President Donald Trump's tariff threats were already impacting business and households.
"Trump's threats of new tariffs are already affecting business and household confidence, particularly in Canada and Mexico. The longer this uncertainty persists, the more it will weigh on economic activity in our countries," he said, virtually addressing a conference held in Mexico City. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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