Bank of Canada Signals Shift in How It Sets Rates Amid Tariff Uncertainty

Bank of Canada Signals Shift in How It Sets Rates Amid Tariff Uncertainty
A Bank of Canada sign is seen in Ottawa on May 25, 2020. The Canadian Press/Adrian Wyld
The Canadian Press
Updated:

The head of the Bank of Canada has signalled a shift in how the central bank sets its benchmark interest rate at a time when tariff uncertainty with the United States has made long-term forecasting much more difficult.

Governor Tiff Macklem was in Calgary on Thursday speaking to the city’s economic development group.