Photo: The Canadian Press Bank of Canada governor Tiff Macklem arrives for the annual meeting of federal, provincial, and territorial finance ministers in Toronto, Friday, Dec. 15, 2023. Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his final speech of the year, the governor lays out his expectations for a softer economy next year and offers criteria for the central bank to start discussing rate cuts. “The effects of past interest rate increases will continue to work through the economy, restraining spending and…
