Policy makers called the development path “quite strong” for the Canadian economy, as the authorities expected at the end of the previous year and rapidly increased the fourth quarter and upward amendment. Policy makers said their rate cuts were helping to consume and promote housing.
Officials said the tariff war threatens the country’s employment picture, which has increased the demand for labor in recent months.
The bank said in the statement, “Such warning indications that increased trade stresses can disrupt recovery in the market market.”
Trump imposed 25% levy on most Canadians and Mexican goods last week, but then promised a one -month delay on those complying with the North American trade agreement. He then threatened the major new tariffs against Canadian wood and dairy. 25% tariffs on Canadian Steel and Aluminum came into force on Wednesday morning.
Canada has retaliated on C $ 30 billion ($ 20.8 billion) in US goods on 4 March and announced an additional C $ 30 billion in tariffs on Wednesday after the Trump administration proceeded with Levy on steel and aluminum. The northern nation still has a broad set of vertical tariffs, which intends to impose on 2 April until the sides interacted in a way.
McCalem said that Loni’s recent depreciation against retaliation and US dollar is one of the rising costs of trade disputes.
âBoth a weak Canadian dollar and new anti -anti -tariffs make imports more expensive. Businesses are also telling us that uncertainty only pays new costs. ,
McCalem and Senior Deputy Governor Caroline Rogers will talk to reporters at 10:30 pm at 10:30.
(Tagstotransite) Rate Cut (T) Bank of Canada (T) Rate Cuts (T) Bank of Canada Rate
