Bank of Canada Cut Rates to Shield Economy From Possible Trade Fallout, Minutes Say
A need to fuel faster growth and shield the economy from U.S. trade-policy uncertainty led senior Bank of Canada officials to agree on a quarter-point rate cut last month, according to minutes summarizing central bank deliberations.
Bank of Canada: GDP level would be permanently hit by protracted U.S. trade war
The Bank of Canada's governing council felt that a protracted trade conflict with the U.S. would permanently shrink the level of domestic GDP, the minutes of a policy decision meeting showed on Wednesday.
Opinion
A U.S.-Canada trade war has no winner
History tells us that in a world of uncertainty and instability, Canada and the United States are stronger together.
Opinion
Trump’s short-sighted trade war with Canada is already hurting the US
Instead of turning economic policy into a battleground, let us work together to fortify the alliances that have kept North America secure for generations.
Bank of Canada says trade war will hurt Canada more than the United States
The Bank of Canada’s governing council members think Canada’s economy will be hurt more by a protracted trade war than that of the United States, according to minutes released by the central bank on Wednesday.
January rate cut came as Bank of Canada weighed U.S. tariff threat
The potential for prolonged trade war with the United States weighed heavily on the Bank of Canada when it decided to cut its interest rate to three per cent last month.
How Canada Got Hooked on the U.S. Economy
When Mulroney and Reagan signed the deal, 75% of Canadian exports went south of the border. It is now 80%. That is not a huge ...
Auto industry and trade ties at risk due to US-Canada tariffs, say experts
Canada would likely impose its own tariffs on U.S. goods if they're levied here, meaning consumers on both sides of the ...
CEO of Canada’s 2nd-biggest company defends Trump’s tariff demands, slams Trudeau for not stopping trade war
These are things that every Canadian wants its government to do, too. These are not crazy demands, even if they came from an ...
Trump’s tariff gambit: How to win a trade war with Mexico and Canada
President Trump has implemented new 25 percent tariffs on imports from Canada and Mexico, and an additional 10 percent tariff ...
Canada seeks stronger EU trade ties in face of Trump tariffs
Canada is also pushing to diversify its exports and set itself a target in 2018 of increasing non-U.S. exports by 50% by 2025 ...
A trade war casts a shadow over entwined Canada-U.S. supply chains – and a steakhouse staple
The complex journeys of steak and lobster that cross the U.S.-Canadian border illustrate the deep mutual dependency both countries have built in their food supply ...
Mexico and Canada Reach Last-Minute Deal With Trump to Avert Trade War
President Trump agreed to delay tariffs on Mexico and Canada for a month after both countries pledged to do more to block ...
Canada posts first trade surplus in 10 months, driven by US stockpiling, strong demand
Canada in December posted its first trade surplus in 10 months as exports expanded faster than imports, led by a push by U.S.
Canada’s 13 Premiers Descend on Washington to Play the China Card on Trade
The leaders of Canada’s provinces and territories took their case against tariffs to Washington on Wednesday, trying to ...