Bank of Canada's Macklem Subtly Shifts Language About Weak CAD -- Market Talk

Dow Jones

Dec 12, 2024

1431 ET - Bank of Canada Governor Tiff Macklem shifts his language regarding Canadian-dollar weakness, signaling further softness might be a factor in future rate-policy decisions. Previously, Macklem had said rate-policy divergence from the Federal Reserve had yet to reach its limits, in reference to worries about a weaker currency. At his press conference, he says CAD softness can be attributed to USD strength. Still, he notes that CAD had been "remarkably stable" for a prolonged period until recently, likely reflecting incoming President-elect Trump and his pledge to impose tariffs on Canada as high as 25%. "We have seen some depreciation. That is something we will have to factor in," he says. CAD is slightly stronger in Wednesday trading following the rate decision. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

December 11, 2024 14:31 ET (19:31 GMT)

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Previously, Macklem had said rate-policy divergence from the Federal Reserve had yet to reach its limits, in reference to worries about a weaker currency. At his press conference, he says CAD softness can be attributed to USD strength. Still, he notes that CAD had been \"remarkably stable\" for a prolonged period until recently, likely reflecting incoming President-elect Trump and his pledge to impose tariffs on Canada as high as 25%. \"We have seen some depreciation. That is something we will have to factor in,\" he says. CAD is slightly stronger in Wednesday trading following the rate decision. 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Previously, Macklem had said rate-policy divergence from the Federal Reserve had yet to reach its limits, in reference to worries about a weaker currency. At his press conference, he says CAD softness can be attributed to USD strength. Still, he notes that CAD had been \"remarkably stable\" for a prolonged period until recently, likely reflecting incoming President-elect Trump and his pledge to impose tariffs on Canada as high as 25%. \"We have seen some depreciation. That is something we will have to factor in,\" he says. CAD is slightly stronger in Wednesday trading following the rate decision. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 11, 2024 14:31 ET (19:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490965894","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490965894","pubTimestamp":1733945460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1431 ET - Bank of Canada Governor Tiff Macklem shifts his language regarding Canadian-dollar weakness, signaling further softness might be a factor in future rate-policy decisions. Previously, Macklem had said rate-policy divergence from the Federal Reserve had yet to reach its limits, in reference to worries about a weaker currency. At his press conference, he says CAD softness can be attributed to USD strength. Still, he notes that CAD had been \"remarkably stable\" for a prolonged period until recently, likely reflecting incoming President-elect Trump and his pledge to impose tariffs on Canada as high as 25%. \"We have seen some depreciation. That is something we will have to factor in,\" he says. CAD is slightly stronger in Wednesday trading following the rate decision. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","N0Z.SI":"联志国际","BK6096":"消闲用品"},"translate_title":"加拿大央行麦克勒姆巧妙地改变了有关加元疲软的措辞——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"N0Z.SI":1},"content_text":"1431 ET - Bank of Canada Governor Tiff Macklem shifts his language regarding Canadian-dollar weakness, signaling further softness might be a factor in future rate-policy decisions. Previously, Macklem had said rate-policy divergence from the Federal Reserve had yet to reach its limits, in reference to worries about a weaker currency. At his press conference, he says CAD softness can be attributed to USD strength. Still, he notes that CAD had been \"remarkably stable\" for a prolonged period until recently, likely reflecting incoming President-elect Trump and his pledge to impose tariffs on Canada as high as 25%. \"We have seen some depreciation. That is something we will have to factor in,\" he says. CAD is slightly stronger in Wednesday trading following the rate decision. (paul.vieira@wsj.com; @paulvieira) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 14:31 ET (19:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}