MNI BRIEF: BOC Sees Some Mild Positive Trade Signs

Bank of Canada Governor Tiff Macklem said Thursday he remains cautious about risks from the global trade war after some recent positive developments, and it's too soon to revisit economic scenarios laid out in the last interest-rate decision.

Noting the report of a U.S.-U.K. free trade deal and a recent meeting between Canadian Prime Minister Mark Carney and President Donald Trump, he said trade policy "remains a moving target." The Bank held borrowing costs steady last month after cutting rates since June and laid out two scenarios of trade war damage, instead of its usual economic forecast. (See: MNI INTERVIEW: BOC Seen On Hold For Rest Of This Year- Stillo)