Top Stories· August 18, 2026 at 01:48 p.m.
Bank of Canada Governor Discusses Delicate Trade Negotiations with U.S. President
Key takeaways
- Bank of Canada Governor Tiff Macklem spoke with U.S. President Joe Biden
- Negotiations described as 'very intense and delicate'
- Tariffs on steel and aluminum are at issue
The Governor of the Bank of Canada, Tiff Macklem, spoke with U.S. President Joe Biden on Tuesday, describing ongoing trade negotiations as 'very intense and delicate'. The conversation comes amidst escalating tensions over steel and aluminum tariffs between the two countries.
According to reports, Macklem emphasized the importance of a swift resolution to these issues for both economies.
'We are working closely with our U.S. counterparts to find a mutually beneficial solution,' Macklem was quoted as saying.
The Bank of Canada has been advocating for the removal of these tariffs, which were first imposed by the Trump administration in 2018.
