Trade-Row Escalation to Raise Alarm Bells at Bank of Canada
Dow Jones
2 hours ago
0841 ET - The Bank of Canada's rate-policy decision and statement Wednesday might have a dovish tone due to crossborder trade tensions, says TD Securities economist Robert Both. "The BOC has been vocal about trade tensions and tariffs as a downside risk to its outlook," Both tells WSJ. New US tariffs of 50% on certain Canadian goods, and the threat of higher auto duties, are likely to add to uncertainty, Both says. Both adds the BOC could still be in a position to raise rates in 1Q should trade tensions cool.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.