BOC's Macklem Highlights Economy's 'Resilience' to Tariffs -- Market Talk

Dow Jones
2025/06/05

1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting "some resilience to tariffs," and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was "a bit stronger" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

June 04, 2025 12:32 ET (16:32 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10