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Bank of Canada head says rate cut designed to help balance risks to economy
"Tariffs are having a profound effect on several key sectors, including the auto, steel and aluminum industries. Chinese tariffs on canola, pork and seafood, new US tariffs on copper, and higher US ... Read More
Bank of Canada Likely to Cut Rates as Economy, Job Market Sharply Weaken
Weak economic growth and labor-market softness are on center stage for the central bank, overtaking inflation concerns. Read More
Canada Economy Contracts in Second Quarter as Tariffs Sink Exports
OTTAWA—Canada’s economy was hit hard by the ramp up in tariffs in the latest quarter, when a slump in exports and drop in business investment led to the sharpest contraction in activity since early in ... Read More
Canada's economy lost 66K jobs in August, adding to BoC pressure to 'stem the bleeding in the economy'
Canada’s labour market suffered its steepest setback of the year in August, shedding a net 65,500 jobs and pushing the unemployment rate up to 7.1 per cent, Statistics Canada said Friday. The ... Read More
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