Interest Rates at Low End of Ideal Balance Between Growth and Inflation: Macklem

Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Oct. 29, 2025. The Canadian Press/Sean KilpatrickThe head of the Bank of Canada says he thinks interest rates are at the lower end of where they can go as he tries to balance boosting the tariff-hit economy and keeping inflation in check.Speaking at a conference in Toronto, Governor Tiff Macklem says tariffs are a slower-moving pressure than some crises, but that they are likely to put pressure on prices over time.