The head of the Bank of Canada says the country waited too long to reduce its economic dependence on the United States and is paying the price today. Governor Tiff Macklem was in Saskatoon Tuesday giving a speech about global trade disruption to Saskatchewan business leaders. He warned that U.S. President Donald Trump’s tariffs have hit trade-sensitive industries hard in Canada and put economic growth on a permanently lower trajectory. Macklem noted China’s tariffs on Canadian canola are the trade disruption having the sharpest effect on the Saskatchewan economy. Macklem said Trump’s attempts to influence the Fed “are raising questions about the continued independence of U.S. monetary policy.”