Finance › Speeches › Tiff Macklem

Rewired, recast and redirected - global trade and implications for Canada

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, trade, fragmentation and geopolitics, growth, investment and productivity

TM
· Tiff Macklem Wiki · Bank of Canada WikiRewired, recast and redirected - global trade and implications for Canada

ContextRemarks to the Canada-UK Chamber of Commerce in London; the Bank of Canada keeps inflation low and stable and watches how global trade is being reshaped.

Why it mattersMacklem explains how rewired supply chains and slower trade growth affect Canadian prices and output.

Problems raised
  1. Global trade growth has slowed.
  2. Supply chains are being rewired.
  3. Inflation and growth risks pull in opposite ways.
Solutions proposed
  1. Adapt Canada to new trade patterns.
  2. Manage risks between inflation and growth.
  3. Strengthen trade ties with partners like the UK.
Read full speech on bis.org ↗

More from Tiff Macklem · Bank of Canada · all speeches

More speeches by Tiff Macklem

Other leaders on inflation and price stability