Bank of Canada Warns of Economic Downturn, Pledges Support

The Bank of Canada is warning of tough economic times ahead — but also signalling support through potential rate cuts. Governor Tiff Macklem’s September media blitz follows a familiar pattern from 2022, 2023, and 2024, when similar warnings proved accurate. In this video, we break down his latest appearances, the themes of economic uncertainty and central bank support, and what it could mean for Canadians in the months ahead. #bankofcanada #canadaeconomy #CanadaRecession Links: Global trade and capital flows / Commerce mondial et flux de capitaux: https://www.youtube.com/watch?v=0b3VSNBZa_E Speech by Governor Tiff Macklem / Discours du gouverneur Tiff Macklem: https://www.youtube.com/watch?v=FAqWXlcnG9U Speech by Governor Tiff Macklem / Discours du gouverneur Tiff Macklem: https://www.youtube.com/watch?v=2k01iBphN3I&t=1s A Progress Report on the Economy / Le point sur la situation économique: https://www.youtube.com/watch?v=aEvRB_63Fgg&t=1s BoC Governor Tiff Macklem on Rate Cuts, Tariffs and More | Full Interview: WONK: https://www.youtube.com/watch?v=tdcmitXDt3A Varcoe: Bank of Canada governor says country can benefit from lessons of TMX and LNG Canada to boost economy: https://calgaryherald.com/opinion/columnists/varcoe-bank-canada-governor-benefit-lessons-tmx-lng-boost-economy Unemployment rate climbed to 7.1 per cent in August as economy lost 66,000 jobs: https://www.thestar.com/business/canada-unemployment-rate/article_25cbadcf-0d62-5e57-9a42-b8bd399dd72b.html Canadian economy shrinks 1.6% in 2nd quarter as U.S. tariffs squeeze exports: https://www.cbc.ca/news/business/canada-gdp-q2-1.7620878 With Trump's tariffs biting, there’s 'real trouble ahead' for Canadian jobs and economic growth, says former Bush adviser: https://nationalpost.com/news/canada/with-trumps-tariffs-biting-theres-real-trouble-ahead-for-canadian-jobs-and-economic-growth-says-former-bush-adviser Ontario sheds manufacturing jobs as tariff impacts surface, report says: https://www.cbc.ca/news/canada/toronto/ontario-job-losses-second-quarter-2025-1.7614840 Bank of Canada governor raises prospect of big rate cuts: https://www.ft.com/content/53fe000c-d860-4382-9c09-5e38720f3512 Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Bank of Canada refutes 'printing money' misinformation on Twitter: https://www.cbc.ca/news/business/bank-canada-twitter-printing-money-1.6568466 With inflation the talk of the town, the Bank of Canada refines its message: https://www.theglobeandmail.com/business/article-with-inflation-the-talk-of-the-town-the-bank-of-canada-refines-its/ Bank of Canada raises its key interest rate to 5%: https://www.cbc.ca/news/business/bank-of-canada-july-meeting-1.6904330 Are variable or fixed rates better after Bank of Canada cut? FP video: https://financialpost.com/news/variable-fixed-rates-better-bank-of-canada-cut Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.