๐จ๐ฆ๐จ BANK OF CANADA WARNS: U.S. TARIFFS COULD HIT GROWTH
New U.S. tariffs could push Canadaโs Q4 economic growth below 1%, according to BoC Governor Tiff Macklem.
๐ Key points:
๐ Q4 growth could be below 1% if tariffs remain
๐จ๐ฆ Q2 growth rebounded to 3.3% annualized
๐ฅ Inflation is already 3%, above the BoCโs 2% target
๐ข๏ธ Oil near $100/barrel could add further inflation pressure
๐ญ Businesses may delay investment and hiring
๐ Companies are changing supply chains to reduce tariff exposure
๐ค AI adoption is increasing, but productivity gains may take time
โ ๏ธ Rate dilemma: Tariffs could weaken growth, while higher energy prices could keep inflation elevated.
๐ Will Canada face slower growth without enough inflation relief?
Trade Here ๐ $APT | $BTC | $CFX
#CanaryFilesSecondAmendmentForStakedSEIETF #SolanaCutsTargetSlotTimeTo250ms #SouthAfricaProposesCryptoExchangeControls #StreamerClub #Write2Earn
New U.S. tariffs could push Canadaโs Q4 economic growth below 1%, according to BoC Governor Tiff Macklem.
๐ Key points:
๐ Q4 growth could be below 1% if tariffs remain
๐จ๐ฆ Q2 growth rebounded to 3.3% annualized
๐ฅ Inflation is already 3%, above the BoCโs 2% target
๐ข๏ธ Oil near $100/barrel could add further inflation pressure
๐ญ Businesses may delay investment and hiring
๐ Companies are changing supply chains to reduce tariff exposure
๐ค AI adoption is increasing, but productivity gains may take time
โ ๏ธ Rate dilemma: Tariffs could weaken growth, while higher energy prices could keep inflation elevated.
๐ Will Canada face slower growth without enough inflation relief?
Trade Here ๐ $APT | $BTC | $CFX
#CanaryFilesSecondAmendmentForStakedSEIETF #SolanaCutsTargetSlotTimeTo250ms #SouthAfricaProposesCryptoExchangeControls #StreamerClub #Write2Earn
