BoC Governor Macklem says governing council felt it was hard to assign a probability to risks to the outlook
Governor Macklem's comments suggest that the Bank of Canada's governing council is struggling to quantify the risks impacting their economic outlook.
India official says it is to immediately slash tariffs on 100k European cars a year to 30-35% from as high as 110% and tariff on cars priced EUR 15k-35k to be cut to 35% and cars priced over EUR 35k to be taxed at 30%
US Secretary of State Rubio says protests in Iran may have ebbed, but they'll spark up again in the future
BoC Governor Macklem says governing council felt it was hard to assign a probability to risks to the outlook
Newsquawk Daily Economic Releases - 29th January 2026
US State Secretary Rubio says that relations with Greenland are in a good place; processes are in place to ensure a good outcome
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This indicates uncertainty in their policy decisions and could imply a more cautious approach to rate adjustments in the near term. Expect this to weigh on CAD sentiment and influence fixed income markets as traders reassess their rate path expectations.
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