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Global trade, capital flows and Canada's prosperity

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

Summary written by Dark Majestic in its own words · topics: financial stability, trade, fragmentation and geopolitics, growth, investment and productivity, labour markets and jobs

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· Tiff Macklem Wiki · Bank of Canada WikiGlobal trade, capital flows and Canada's prosperity

ContextRemarks in Saskatoon to the Saskatchewan Trade and Export Partnership and the local Chamber of Commerce; the Bank of Canada keeps inflation low and stable and faces disruption from US tariffs.

Why it mattersThe governor quantifies how US tariffs have hit Canadian exports and frames trade diversification and structural reform as the country's main answers.

Problems raised
  1. US tariffs cut Canadian exports sharply.
  2. Tariffs slow growth and jobs and add costs.
  3. Canada has deep structural weaknesses.
Solutions proposed
  1. Diversify trade and capital flows.
  2. Address structural weaknesses.
  3. Build a more resilient economy.
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