off-the-wire

Bank of Canada Governor says Trump's tariffs threat already having an impact

Kitco Media
By Reuters
Published:
Updated:
Reuters
Bank of Canada Governor says Trump's tariffs threat already having an impact teaser image

OTTAWA, Feb 6 (Reuters) - Bank of Canada's Governor Tiff Macklem said on Thursday that a policy shift in the U.S. was causing uncertainty and President Donald Trump's tariff threats were already impacting business and households.

"Trump's threats of new tariffs are already affecting business and household confidence, particularly in Canada and Mexico. The longer this uncertainty persists, the more it will weigh on economic activity in our countries," he said, virtually addressing a conference held in Mexico City.

Reporting by Promit Mukherjee; Editing by Ismail Shakil

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.