Macklem says BoC rate policy depends on energy and trade uncertainty
Bank of Canada governor Tiff Macklem said rate policy will be guided by how firms and households respond to elevated energy prices and a return to heightened trade uncertainty.
Bank of Canada rate policy will be shaped by how firms and households react to the mix of elevated energy prices and a return to heightened trade uncertainty, Governor Tiff Macklem said. Central bank officials are ready to adjust policy depending on how those conditions affect the economy.