Bank of Canada Governor Tiff Macklem called for Canada's investment in trade infrastructure and reducing barriers to adapt to global trade changes.

Bank of Canada Governor Tiff Macklem urged Canada to invest in trade infrastructure and reduce barriers to adapt to the evolving global trade landscape. Speaking in London, he highlighted the shift from goods to services, China's changing role, and the potential for increased inflation due to slowing globalization. While the Bank does not set trade policy, understanding these shifts is crucial for managing costs. Macklem emphasized the need for Canada to build relationships and enhance productivity.

September 09, 2024
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