The Globe and Mail reports in its Thursday edition that Bank of Canada Governor Tiff Macklem is encouraging businesses to explore export markets beyond the United States to make the economy less vulnerable to current and future trade disputes. A Canadian Press dispatch to The Globe reports that speaking to a business crowd in St. John's, NFLD., on Wednesday, Mr. Macklem meanwhile warned of fog in the inflation forecast, making it difficult to chart a path for monetary policy through the tariff uncertainty. He said it was "very welcome news" that Prime Minister Mark Carney and President Donald Trump agreed at the G7 Summit earlier this week to nail down a new trade and security deal within 30 days. He said in prepared remarks that progress toward a new trade deal is "encouraging," but later said in a moderated question-and-answer period that Canada's economy faces bigger problems in an increasingly "fragmented world." Trade patterns were already shifting before Mr. Trump was re-elected late last year, Mr. Macklem noted, and other global conflicts are also forcing businesses to reorient supply chains. "I really hope we get a deal, I really hope it's a good deal, but that's not going to solve all our problems," he said.