New US tariffs threaten Canadian Q4 growth
Bank of Canada Governor Tiff Macklem warns that new US tariffs could reduce fourth quarter growth below one percent. Meanwhile, rising oil prices from Middle East tensions pose ongoing inflation risks.
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New United States tariffs could slash Canada's fourth-quarter growth to below 1%, Bank of Canada Governor Tiff Macklem said Monday afternoon. The warning highlights a renewed wave of trade uncertainty threatening national investment and corporate hiring. The slowdown risks complicating monetary policy as officials weigh cooling domestic output against energy price pressures.
