Tiff Macklem told a crowd in Halifax on Monday that places like Nova Scotia aren’t immune, but are less exposed to tariffs than provinces such as Quebec and Ontario. The governor of the Bank of Canada said inflation is stinging more.
Tiff Macklem says inflation is stinging more
Devin Stevens · The Canadian Press
· Posted: Sep 21, 2026 5:47 PM EDT | Last Updated: 3 hours ago
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Bank of Canada Governor Tiff Macklem is seen during a news conference in Ottawa, Wednesday, June 10, 2026. (Adrian Wyld/The Canadian Press)
The governor of the Bank of Canada says U.S. tariffs are having less of an impact on the Atlantic region’s economy than other parts of the country, but inflation is stinging more.
Tiff Macklem told a crowd in Halifax on Monday that places like Nova Scotia aren’t immune, but are less exposed to tariffs than provinces such as Quebec and Ontario.
He said Nova Scotia’s unemployment rate is less than it was before the COVID-19 pandemic and remains lower than the national average.
Meanwhile, Macklem said the rising cost of oil is having a big impact on Nova Scotia because so many residents heat their homes with furnace oil.
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