BoC Governor Macklem says elevated geopolitical risks and US trade policy is viewed as potential shocks
Newsquawk Staff ·
BoC Governor Macklem says elevated geopolitical risks and US trade policy is viewed as potential shocks.
What it means
BoC Governor Macklem's acknowledgment of elevated geopolitical risks and US trade policy as potential shocks underscores a watchful stance on external factors affecting Canada’s economy. This language suggests a heightened sensitivity to volatility that could influence monetary policy, which may impact both CAD and fixed income markets as traders reassess risk premiums and outlooks. Expectations for interest rate stability could be challenged if these geopolitical factors escalate.
Sources
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings
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- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- BoC Governor Macklem reiterates that there could be a need to raise the policy rate further;
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