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<\/source><\/source><\/source><\/source><\/source><\/picture>Paul Beaudry, former deputy governor of the Bank of Canada, departs after speakiing at the Bank of Canada headquarters in Ottawa, Ont., 2022.<\/span> Photo by David Kawai\/Bloomberg files<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n Former Bank of Canada deputy governor Paul Beaudry says there are limits to what monetary policy can do to alleviate the effects brought on by tariffs.<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n
\u201cBy itself (monetary policy), it can only do so much, it can\u2019t be thought of as lifting everything,\u201d Beaudry said. \u201cMonetary policy cannot carry all that weight, and we need other adjustments.\u201d<\/p>\n
Beaudry, a professor of economics at the University of British Columbia and senior advisor to Bennett Jones LLP, presented an economic outlook for the law firm on Wednesday, sharing his views on where interest rates and growth are headed next year.<\/p>\n<\/section>\n
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