US EditionTariffs already slowing business activity, RBC CEO McKay says
- Royal Bank of Canada CEO Dave McKay stated that tariffs are slowing business activity, with impacts dependent on the duration of the trade war.
- U.S. President Donald Trump imposed 25% tariffs on Canadian goods and 10% on energy, prompting Canadian Prime Minister Justin Trudeau to retaliate with $30 billion in tariffs on U.S. Goods.
- The tariffs have created uncertainty for consumers and businesses, leading to layoffs and slowed investment decisions among small businesses.
- The National Retail Federation warned that ongoing tariffs will cause higher prices for American consumers on household goods.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
3
Center
3
Right
1
Tariffs arrive when the pulp and paper business is already in a 'difficult place,' says CEO
The CEO of the pulp and paper mill in Kapuskasing, Ont., says he was not surprised but is disappointed by U.S. tariffs that are expected to have a big impact on Canada’s forestry sector.
·Canada
Read Full Article
BMO, RBC say interest rates could fall harder and faster with tariffs in play
Two of Canada’s largest banks say interest rates could fall faster and ultimately end up lower than previously predicted, as the consequences of a trade war with the U.S. are set to ripple through the Canadian economy.
·Canada
Read Full Article
Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
