The impact of US trade policy on jobs and inflation in 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, labour markets and jobs
TM · Tiff Macklem Wiki · Bank of Canada WikiThe impact of US trade policy on jobs and inflation in CanadaContextRemarks by Tiff Macklem, Governor of the Bank of Canada, at the St. John's Board of Trade, St. John's, Newfoundland and Labrador, 18 June 2025.
Why it mattersThe Bank of Canada governor details how US tariffs hit Canadian jobs and prices and how policy may respond.
Problems raised- US tariffs weaken growth and cut jobs.
- Higher costs push inflation up.
- Uncertainty weighs on the economy.
Solutions proposed- Cut rates if tariffs weaken the economy.
- Contain cost pressures on inflation.
- Watch how tariff effects spread.
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