Bank of Canada Sees Tariffs Wiping Out Growth for Years
Central Bank Predicts 3% GDP Drop Over Two Years and No Quick Recovery
Ships anchored off the Port of Montreal in Montreal, Quebec. (Christinne Muschi/Bloomberg News)
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While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.
“Increased trade friction with the U.S. is a new reality,” he said in a speech in the Toronto area on Feb. 21. Though the timi…
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