The article discusses an interview with Bank of Canada governor Tiff Macklem, where he discussed various topics related to the economy. Some key points from the interview include:
- The central bank’s "balance of worries is shifting" as it focuses on controlling inflation and ensuring a strong economy.
- The impact of population growth on the economy, particularly with regards to housing prices and consumption.
- The potential risks posed by trade disruptions due to the US election and the possibility of Trump reinstating tariffs on Canadian steel and aluminum.
- Lessons learned from the pandemic, including the importance of quantitative easing and the need for policymakers to be prepared for future crises.
- The central bank’s commitment to transparency and its plan to publish a report on its actions during the pandemic.
Overall, the interview highlights the Bank of Canada’s ongoing efforts to balance economic growth with inflation control and ensure a stable economy.
