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Bank of Canada’s Macklem: US tariffs could roughly halve fourth-quarter growth to below 1%
Comments from Bank of Canada Governor Tiff Macklem cross the wires: If new US tariffs remain in place, Q4 growth could be roughly halved to below 1% If oil prices stay near $100 a barrel, we'd expect inflation to edge up in coming months Fuel prices have risen more than we'd normally expect, reflect
Why it matters
CL (Crude Oil (WTI)) · Why linked: Macklem specifically references oil prices staying near $100 a barrel as a scenario for the Canadian economy Market context: Mention of $100 oil as a watch scenario ties directly to crude futures pricing.
How CL usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 110 | +2.98% | 35% |
Curated by Newsig — News in. Signal out.
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