The Canadian Press: Bank of Canada governor Tiff Macklem said that the economy has evolved broadly in line with the central bank’s expectations since monetary policymakers hit pause on the interest rate easing cycle in December.
But he also warned that uncertainty remains “unusually high.”
Macklem said the bank’s governing council sees the policy rate as “appropriate” based on its outlook, but the “timing or direction of the next change in the policy rate” is difficult to predict.
“Recently you’ve seen more unpredictability in U.S. policy with all sorts of threats, including on Canada,” Macklem said…