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U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut

Economic indicators show a significant downturn, with markets dropping rapidly and fears of a recession growing.
On Tuesday, the Dow dropped nearly 500 points, highlighting investor worries amid Trump's tariffs.
Trump expressed uncertainty about an impending recession, stating, 'I hate to predict things like that.

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iPolitics

‘A very demanding boss and leader’ — Carney’s hard-driving style at the Bank of Canada had critics and admirers

“To be frank, I think he had to wake up a few institutions.”

1 day ago·Canada

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castanet.net

+9 Reposted by 9 other sources

U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut

Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.

2 days ago·Kelowna, Canada

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MSNBC

Chris Hayes: Trump's threat to the U.S. economy is even worse than we could have imagined

Chris Hayes warns that Trump, free from any guardrails, is acting on his worst impulses, as his trade war with Canada brings the U.S. economy to the brink.

2 days ago·United States

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The Toronto Star

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The Hamilton Spectator

U.S. trade ‘crisis’ will drive up prices, Bank of Canada warns after rate cut

OTTAWA - Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade

2 days ago·Toronto, Canada

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Business Live

Bank of Canada warns of new crisis as it cuts rates to counter tariffs

Bank governor Tiff Macklem warns that the economic impact of Trump’s decisions could be severe

2 days ago·Johannesburg, South Africa

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Inside Halton

+2 Reposted by 2 other sources

‘We are now facing a new crisis’: Bank of Canada warns tariff war impact could be severe as it cuts interest rate to 2.75%

Bank of Canada Governor Tiff Macklem said we are facing a new crisis, and that while Canada’s economy ended 2024 “in good shape” with inflation nearing a two per cent target, ongoing tariff threats by U.S. President Donald Trump have impacted business and consumer confidence.

2 days ago·Halton Hills, Canada

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