Sweeping tariffs could be 3% hit to Canadian economy, even with carve-outs: report
- Sweeping tariffs imposed by the U.S. Could cost the Canadian economy as much as 3.25 per cent, even factoring in possible exemptions for the oil and gas sector.
- The CIBC report indicates that a 20 per cent tariff that excludes commodities would still result in a GDP hit of 3.25 per cent.
- Under a more conservative scenario with a 10 per cent tariff, the impact to the Canadian economy would be around 1.35 per cent.
- Canadian Prime Minister Justin Trudeau stated that Canada would respond and that everything is on the table.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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