Bank of Canada warns of trade war destabilizing growth

Thursday, May 8, 2025, 10:21 am

The Bank of Canada cautioned that the escalating U.S.-led trade war is stunting economic progress, disrupting financial stability for households and businesses alike. The central bank’s reports underline that heavy tariffs have abruptly stalled a once-healthy financial picture, posing significant risks amid an already challenging economic climate.

globalnews.ca / Canada’s housing market is ‘cracking’ under Trump’s trade war: report

The sharpest pullback in people getting into the housing markets has been in southern Ontario and British Columbia, RBC economist Robert Hogue said.

thewalrus.ca / The Economy Is One Tariff Away from a Supply-Chain Meltdown

The cost of Trump’s trade war on cars is adding up The post The Economy Is One Tariff Away from a Supply-Chain Meltdown first appeared on The Walrus.

torontosun.com / KINSELLA: Three reasons why Mark Carney is doing a good job so far as prime minister

Is he perfect? Hell no. However, they are all things he can fix

financialpost.com / Trump's film tariffs could blow 'massive hole' in Canada's economy

Watch: 'Instability is bad for any industry, but particularly for the film industry, and having this 'what if' looming over filmmakers is making people nervous'

citynews.ca / Shoppers ‘more resilient’ in face of tariffs than Canadian Tire CEO expected

The tariff fight that has broken out between the U.S. and its trading partners doesn’t appear to be rankling Canadian Tire Corp. Ltd. customers as much as its CEO once expected. Greg Hicks said shoppers across the Toronto-based company’s banners — Canadian Tire, SportChek, Party City, Mark’s and…

torontosun.com / Carney ‘passed the test’ in meeting with Trump, Cornell professor says

Trump got along better with Carney than he did with Trudeau, said Cornell's Jon Parmenter

ledevoir.com / La guerre commerciale pourrait freiner la croissance et faire grimper le chômage au Canada

Les ménages et le système financier montraient des signes de résilience accrue début 2025, observe la Banque du Canada.

globalnews.ca / Bank of Canada says trade war ‘poses greatest threat to Canadian economy’

The Bank of Canada is warning the trade war brought on by U.S. President Donald Trump's tariff policy poses a significant threat to the economy, according to the latest report

financialpost.com / Bank of Canada warns Trump's tariffs could trigger 'market dysfunction'

Financial stability report says global trade war could lead to severe economic consequences for Canada

thebeaverton.com / Carney resists urge to teach Trump meaning of words “tariff”, “economy”, and “chair”

“I think Trump’s greatest dream is to have a podcast where he is both the host and always the guest.” Guest host Ian MacIntyre and the Panel (Clare Blackwood, Megan MacKay, and special guest Aaron Hagey-MacKay) discuss Mark Carney’s first face-to-orange-face with Donald Trump, pitches for…

torontosun.com / Molson Coors cuts outlook on weak U.S. beer demand

Molson Coors Beverage Co. lowered its full-year guidance as the challenging consumer environment in the U.S. drives shoppers away from the company’s products. The Coors Light and Miller Lite manufacturer now expects 2025 underlying diluted earnings per share to increase in the low single digits. It…

citynews.ca / Trade war threatens progress made on financial stability, creating higher risks: BoC

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday. The central bank says in its latest Financial Stability Report that at the start of the year, households had, on average,…

permalink / 12 stories from sources in 4 hours ago #economy #trade #canada

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