Carney says chances of US recession has shot up, will hit Canada
- Mark Carney stated that U.S. President Donald Trump's tariffs have significantly increased the likelihood of a U.S. Recession, impacting Canada significantly.
- The Liberal Party proposed reducing RRIF withdrawal amounts by 25% for one year to help seniors during market turmoil.
- NDP Leader Jagmeet Singh highlighted the real threat of recession and criticized austerity measures as worsening economic pain.
- Conservative Leader Pierre Poilievre blamed both Trump and the Liberal government for market chaos, emphasizing the need for independence from the U.S. Economy.
25 Articles
25 Articles
What happens when an economist becomes prime minister? : The Indicator from Planet Money
Today on the show, we meet Canada's new Prime Minister, economist Mark Carney. What's it like when your former job — being a non-political banker who decides a country's interest rate — bleeds into your now-political decisions on everything?Related episodes: A polite message from Canada to the U.S. (Apple / Spotify)
Trump-led U.S. an 'unreliable partner' for Canada, says expert group: 'we're dealing with an administration that doesn't believe our country has a right to exist'
The Expert Group on Canada-U.S. Relations says the dramatic shift in U.S. behaviour requires a Canadian strategy based on three principles: diversifying Canada’s trade and security relationships, addressing the country’s declining productivity levels compared to other G7 countries, and 'providing for our own security.'
Canada's prime minister says his country has little chance of avoiding a recession. “We cannot control President Trump's decisions.”
Canada will hardly be able to avoid a recession if the United States is hit, Canadian Prime Minister Mark Carney, a former banker, said on Monday during a campaign event for the legislative elections, journaldeQuebec.com reports.
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