Canada’s economy faces significant challenges, according to Bank of Canada Governor Tiff Macklem, who says US tariffs are the country’s “biggest headwind”. In an interview with the New York Times, Macklem emphasized the importance of reaching a new trade deal with the US despite Canada’s efforts to diversify its businesses.
Source: https://www.bloomberg.com/news/articles/2025-05-24/canada-s-macklem-says-us-tariffs-biggest-headwind-nyt-reports