1105 ET - Bank of Canada Governor Tiff Macklem says he expects the Canadian economy to return to growth mode after two straight quarters of contraction. However, he tells an audience in Paris that growth would be modest. "The economy is weak," he says during an question-and-answer session after a speech focused on global imbalances. He says the uncertainty posed by US trade policy and hefty tariffs on specific sectors such as steel, aluminum, automobiles and forest products are weighing on economic activity, in particular business investment--which has declined for five straight quarters.(paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

June 23, 2026 11:05 ET (15:05 GMT)

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