1349 ET - Desjardins Group economist Royce Mendes says Bank of Canada Governor Tiff Macklem's speech confirms the BOC would cut rates should President Trump impose 25% tariffs on Canadian nonenergy imports, and 10% levy on Canadian energy products. Mendes cites one sentence in the speech, in which Macklem says that cuts could help smooth the adjustment to tariffs "provided the inflationary impact of tariffs is not too big." Mendes says this is in line with Desjardins' view that BOC would cut its policy rate by a half- to full-percentage point more than otherwise should hefty US tariffs materialize. In a Q&A session with a suburban Toronto audience after his speech, Macklem cautions BOC can't allow a "tariff problem to become an inflation problem." (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
February 21, 2025 13:49 ET (18:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。