Bank of Canada Governor Macklem says U.S. trade unpredictability could set back Canada's economic progress
Question
Bank of Canada Governor Macklem says U.S. trade unpredictability could set back Canada's economic progress
Direct answer
Supports caution on CAD, Canadian banks and domestically oriented cyclicals if firms defer investment and hiring.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-22
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Bank of Canada Governor Macklem says U.S. trade unpredictability could set back Canada's economic progress”, revision 1, evidence through 2026-09-22. https://marketontology.com/market-events/2026-09-22/bank-of-canada-governor-macklem-says-u-s-trade-unpredictability-could-set-back-c-fb0a61
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| USD/CAD | higher trade-policy uncertainty can pressure the Canadian dollar through growth expectations | Up1-5d | Macklem said U.S. trade unpredictability could set back recent economic progress |
| RY | slower growth expectations can weigh on Canadian bank sentiment and credit demand | Down1-4w | Macklem said U.S. trade unpredictability could set back recent economic progress |
| SXF | policy uncertainty can reduce Canadian business investment and equity risk appetite | Down1-5d | Macklem said U.S. trade unpredictability could set back recent economic progress |
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What happened next
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Sources
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