BoC's Wilkins: US tariffs aren't good news

Bank of Canada (BoC) Senior Deputy Governor Carolyn Wilkins voiced her stance of US tariffs expected to be coming down the pipe as soon as Friday, stating in an interview with Canadian press that the US tariffs are not "good news", and the central bank will be keeping a close eye of the effect of the tariffs on consumer prices.

Household debt is still cause for concern in the Canadian economy, and the US tariffs could be poorly timed as households are still trying to claw their way out of the debt bubble formed coming out of the 2007-08 financial crisis.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.