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Macklem: Global trade, capital flows and Canada’s prosperity
Good afternoon. It’s a great pleasure to be here in Saskatoon, and I want to thank the Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce for the invitation. Canada is a trading nation. We rely on exports for around a third of our income, and we use that income to buy the things we need from abroad. The share of exports in Saskatchewan’s gross domestic product (GDP) is even higher, roughly 45%—that’s the highest in the country. Saskatchewan provides commodities to the world—wheat, canola, potash, oil and gas, uranium and more. And it imports a range of goods, ... (full story)
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BoC's Gov. Macklem: Canadian leaders need to chart a more independent course, given the new relationship with the United States, and need to find new markets.
— FinancialJuice (@financialjuice) September 23, 2025
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BoC's Gov. Macklem: I suspect the US dollar will remain global reserve currency for the foreseeable future.
— FinancialJuice (@financialjuice) September 23, 2025
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BoC's Gov. Macklem: Trump's liberation day tariffs called into question the US dollar's safe-haven role.
— FinancialJuice (@financialjuice) September 23, 2025