Governor Tiff Macklem says the Bank of Canada will have to be “humble” in its return to formal economic forecasting as trade uncertainty continues to swirl.
The central bank intends to publish a forecast for the economy at its upcoming interest rate decision on Oct. 29—something it hasn’t done since the start of this year as U.S. tariffs clouded the economic horizon.
Macklem is in Washington, D.C., this week for the International Monetary Fund’s annual meetings with the heads of other central banks and financial policy-makers.
He told reporters on a call from the sidelines of those meetings that uncertainty around the U.S. tariff campaign has decreased since the spring….