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Bank of Canada says restructuring of economy will take years - REUTERS

FEBRUARY 06, 2026

By David Ljunggren

OTTAWA, Feb 5 (Reuters) - Restructuring the Canadian economy to cope with U.S. tariffs, slower population growth and the rise of artificial intelligence will take years, and could be very painful, Bank of Canada Governor Tiff Macklem said on Thursday.


Macklem urged policy makers and businesses to do all they could to adjust to the new challenges, saying Canada could not afford to fail.

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