Interest Rates at Low End of Ideal Balance Between Growth and Inflation: Macklem

Interest Rates at Low End of Ideal Balance Between Growth and Inflation: Macklem
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Oct. 29, 2025. The Canadian Press/Sean Kilpatrick
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The head of the Bank of Canada says he thinks interest rates are at the lower end of where they can go as he tries to balance boosting the tariff-hit economy and keeping inflation in check.

Speaking at a conference in Toronto, Governor Tiff Macklem says tariffs are a slower-moving pressure than some crises, but that they are likely to put pressure on prices over time.