Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons Standing Committee on Finance on Feb. 16, 2023, in Ottawa. The Canadian Press/Adrian Wyld
Bank of Canada Governor Tiff Macklem says Canada’s economic growth will be outpaced by other countries in the G7, as the country goes through a “structural adjustment” to tariffs imposed by the United States.
Macklem made the comments during an appearance before the House of Commons finance committee on Nov. 5, where he was asked by Tory MP Jasraj Singh Hallan what is Canada’s position in economic growth compared to other G7 countries, given campaign promises made by Prime Minister Mark Carney on building the economy.
