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The Bank of Canada says household finances and the financial system were showing signs of increased resilience as the year started, but the threat of a prolonged trade war has pushed risks higher overall.
The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.
A new report suggests that if Canada can’t convince U.S. President Donald Trump to drop all auto tariffs, it should negotiate a new auto trade agreement with the U.S. and Mexico that would impose permanent import tariffs but grant automakers a break if they meet minimum local production requirements.
As the Canada-U.S. trade relationship grows increasingly uncertain due to tariffs imposed under the Trump administration, a growing number of Canadian businesses are pivoting away from the U.S. and looking inward for stability.
British Columbia Premier David Eby says resolving the softwood lumber dispute could create “momentum” for a larger trade agreement between Canada and the United States.
The U.S. Federal Reserve kept its key interest rate unchanged Wednesday, brushing off U.S. President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.
Here are five things you need to know this morning.
Here are five things you need to know this morning.
The premiers of Canada’s three territories say the country’s push to remove internal trade barriers needs to consider the unique economic situation of the North.
American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars.
Japan’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration, Finance Minister Katsunobu Kato said Friday.
Canada’s real gross domestic product (GDP) dropped 0.2 per cent in February amid tariff threats from U.S. President Donald Trump, however one expert says that figure was not significantly impacted by Canada-U.S. trade tensions.
