Canada and Mexico face major economic downturn in U.S.-led trade war [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Listen to this article Log in or create a free account to listen to this article. Canada is facing a major economic downturn after U.S. President Donald Trump hit his continental neighbours on Tuesday with the largest trade shock in nearly 100 years. Mr. Trump's decision to impose 25-per-cent tariffs on imports from Canada and Mexico, with lower 10-per-cent tariffs for energy and critical minerals, shatters decades of North American economic integration. Canada and Mexico will suffer more in the trade war, given their greater reliance on exports compared with the United States, economists say. But Mr. Trump's attempt to wrench apart continental supply chains will hammer economic growth, employment and profits in all three countries, while reigniting co
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News
- Shareholder proposal on equity audit at Scotiabank gets more than twice the usual votes [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Banks Postpone Loans as Tariffs Stoke Fears of ‘Hung' Debt [Yahoo! Finance]Yahoo! Finance
- Trade War Boosts Inflation Expectations, Bank of Canada Says [Yahoo! Finance]Yahoo! Finance
- Bank of Montreal (NYSE: BMO) was downgraded by analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating.MarketBeat
- CIBC analyst upgrades RBC, downgrades BMO and National as tariffs negate U.S. preference [Yahoo! Finance Canada]Yahoo! Finance Canada
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