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Bank of Canada Governor says Trump's tariffs threat already having an impact

ReutersFeb 6, 2025 10:23 PM

- 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.

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