Reported 29 days ago
Bank of Canada Governor Tiff Macklem stated that ongoing shifts in global trade may lead to increased supply shocks, driving up prices and causing inflation volatility. He emphasized the need for Canada to adapt as trade dynamics evolve, particularly as traditional supply chains face disruptions from geopolitical tensions and shifting production locales. Macklem also signaled that interest rates are unlikely to return to pre-pandemic lows, highlighting a concerning labor market adjustment despite job gains.
Source: YAHOO