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BoC report points to tariff pressure on autos
Summary by Canadian Auto Dealer
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BoC report points to tariff pressure on autos
In its April Monetary Policy Report, the Bank of Canada said tariffs and trade uncertainty are expected to continue affecting the Canadian economy, including sectors tied closely to automotive manufacturing and retail. The central bank said current U.S. tariffs are expected to remain in place and continue having a “persistent negative effect on economic activity.” While many Canadian goods still enter the United States tariff-free under the Cana…
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