BoC Governor Tiff Macklem states that U.S. and Canadian interest rates have a limit to their divergence due to their economic connection.
BoC Governor Tiff Macklem states that U.S. and Canadian interest rates have a limit to their divergence due to the natural connection between the countries' economies. The current rates are not near this limit, according to Macklem, but must remain relatively close. He made this statement during testimony to the House of Commons finance committee.
May 02, 2024
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