BoC Tiff Macklem told lawmakers overnight that the central bank’s recent policy easing reflects both cyclical weakness and deeper structural challenges facing the Canadian economy. Macklem reiterated that last week’s 25bps rate cut to 2.25% — the second in as many meetings — was aimed at supporting growth amid “contained inflationary pressures.” Macklem laid out … Continue reading BoC’s Macklem sees rate at right level as tariffs reshape Canadian economy structurally