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Re-Escalating Trade War Puts Canada’s Economic Rebound at Risk: Economists
- Economists warn that a renewed trade war with the United States threatens Canada's economic recovery with new 50 per cent tariffs on about $28 billion worth of Canadian goods.
- Bank of Montreal expects these tariffs will reduce Canada's economic growth by half a percentage point due to declines in business investment and confidence.
- Prime Minister Mark Carney promises to retaliate with matching tariffs starting September 8, which economists say could increase inflation in Canada.
- These tariffs push Canada closer to recession, especially if the United States intensifies retaliation, with effects depending on Canadian fiscal stimulus measures.
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15 Articles
Winnipeg Free Press+8 Reposted by 8 other sources
Re-escalating trade war puts Canada's economic rebound at risk: economists
OTTAWA - Economists are warning that a re-escalation in the trade war with the United States puts Canada's burgeoning economic recovery at risk.
·Winnipeg, Canada
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The US and Canada are sinking deeper into a trade war with new tariffs, after negotiations broke down and both sides blamed each other.
·Viet Nam
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Total News Sources15
Leaning Left8Leaning Right0Center6Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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