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

Bank of Canada Governor Tiff Macklem highlighted the dangers of the U.S.'s growing deficits, stating they are unsustainable and putting pressure on global bond yields. His comments underscore the broader economic implications of U.S. fiscal policies, which could influence global financial stability. This assessment reflects growing concerns among central bankers about the long-term economic health tied to U.S. fiscal management.