Changes in Canada's monetary policy, strategic reserve increase from China, OPEC+'s production cut plans: Critical developments in the global economy.

Important developments are occurring in global markets. The Governor of the Bank of Canada announced that the bank will adopt a more flexible and responsive monetary policy. Meanwhile, China aims to enhance supply security for critical metals by increasing its strategic reserves, while seven OPEC+ member countries have unveiled a new production cut plan lasting until June 2026.

The Bank of Canada is making a policy shift. Governor Tiff Macklem highlighted that uncertainties in U.S. trade policies necessitate a less forward-looking approach to monetary policy. This indicates a focus on current market conditions rather than economic forecasts. Macklem emphasized the need for policies that minimize risks and respond quickly to changing circumstances, while also maintaining their commitment to low inflation and working to prevent the spread of high prices stemming from U.S. tariffs.