Published Oct 28, 2026, 5:25 PM ET · Updated 16 days ago · 1 source

Bank of Canada Chief Tiff Macklem Warns US Deficits Are Costly and Unsustainable

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Bank of Canada Chief Tiff Macklem Warns US Deficits Are Costly and Unsustainable

Bank of Canada Governor Tiff Macklem warned that US borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.