Macklem says rate policy may not offset trade uncertainty
Bank of Canada Governor Tiff Macklem played down how interest-rate cuts could help an economy facing elevated energy prices and uncertainty about U.S. trade policy.
Bank of Canada Gov.
Tiff Macklem played down the impact interest-rate cuts can have in helping an economy dealing with elevated energy prices and heightened uncertainty about trade with the U.S., says Nomura economist Ruchir Sharma.
During a press conference, Macklem "reiterated that monetary polic…