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U.S. tariffs could halve fourth-quarter growth, Macklem says
Source: The Globe and Mail
Trade Policy & Supply ChainEconomic DataMonetary PolicyTax & Tariffs
Bank of Canada Governor Tiff Macklem warned that persistent U.S. tariffs could cut Canadian economic growth by half in the fourth quarter. The warning underscores a material downside risk to Canada’s trade-exposed economy and could increase pressure for a more accommodative monetary-policy stance if tariffs remain in place.
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