Tag #Canada Economy

Showing 13 to 16 of 16 results

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Canada's Auto Industry: Not a Threat to the U.S.

President Trump's belief that Canada's automotive industry poses a threat to the U.S. is unfounded, as evidenced by a $6.5-billion Canadian deficit in auto parts with the U.S. in 2024 and significantly lower Canadian vehicle production than U.S. sales in Canada; imposing tariffs would harm both coun...

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Canada's Economy Suffers as US Tariffs Weigh In

Bank of Canada Governor Tiff Macklem warns that US President Trump's threatened tariffs on Canadian and Mexican imports are already hurting both countries' economies, with prolonged uncertainty potentially causing further damage; in a benchmark scenario with retaliatory tariffs, Canada's GDP growth ...

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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US Consumer Confidence Plummets Amid Inflation and Trade Policy Fears

Plummeting US consumer confidence, reaching its lowest since 2021, is driven by inflation fears and anxiety over Trump's trade policies; this is evidenced by the Conference Board's Consumer Confidence Index and the University of Michigan's consumer sentiment index, both showing steeper declines than...

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40% Bias Score

Reduced Inequality
theglobeandmail.com
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Bank of Canada Expected to Cut Rates Amidst US Tariff Impact

Money markets anticipate the Bank of Canada will cut interest rates by 0.25 percentage points next month and potentially another 0.25 percentage points in April due to the negative economic effects of recently imposed US tariffs on Canadian imports, causing a predicted recession later this year.

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44% Bias Score

Decent Work and Economic Growth

Showing 13 to 16 of 16 results