Canada's economy faces uncertainty from U.S. tariffs

theglobeandmail.com

Tiff Macklem, Governor of the Bank of Canada, expressed concern over U.S. tariffs under President Trump, which could harm the Canadian economy. If tariffs are lifted, Canada may see growth in 2025, but continued protectionism could lead to a recession. The Bank of Canada recently cut its interest rate to 2.75% to mitigate trade disruptions. Macklem emphasized a cautious approach to future rate changes, indicating that the bank will not respond as aggressively as in past crises. Consumer confidence is declining due to tariff threats, with Canadians planning to spend less. The Bank of Canada is preparing for potential economic challenges, including inflation and job losses, while also needing to support affected businesses and workers.


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Timeline:

    [3.5]
    Bank of Canada cuts interest rates to 2.75% (sg.news.yahoo.com)
    4d 4h
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    [3.2]
    Interest-rate cut won't boost Canadian housing market activity (theglobeandmail.com)
    4d 9h
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    [3.5]
    Bank of Canada projects rate cut to 2.25% by June (forexlive.com)
    4d 20h
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    [3.1]
    Bank of Canada cuts rates due to tariff concerns (forexlive.com)
    4d 22h
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    [3.4]
    Bank of Canada warns of rising prices from trade tensions (financialpost.com)
    4d 22h
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    [2.8]
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    [3.3]
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    4d 23h
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    [3.5]
    Bank of Canada cuts interest rates to 2.75% (financialpost.com)
    5d 2h
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    [3.4]
    Bank of Canada cuts interest rates to 2.75% (aljazeera.com)
    5d 2h
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    [2.8]
    Interest rate cuts may help younger Canadians buy homes (financialpost.com)
    5d 2h
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    [3.8]
    Bank of Canada cuts interest rate to 2.75% (theglobeandmail.com)
    5d 3h
    Source
    [3.3]
    Bank of Canada cuts rates to 2.75% (financialpost.com)
    5d 4h
    Source
    [3.5]
    Bank of Canada lowers overnight rate to 2.75% (forexlive.com)
    5d 5h
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    [3.0]
    Bank of Canada interest rate cut may impact housing (ca.finance.yahoo.com)
    5d 7h
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    [3.8]
    Bank of Canada likely to cut rates amid tariffs (globalnews.ca)
    5d 10h
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    [4.0]
    Bank of Canada plans interest rate cut to support economy (thestar.com)
    5d 10h
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