The Daily Chase: Canadian job creation remains sluggish
Here are five things you need to know this morning.
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Economics
Trump’s trade war threatens Canadian economic gains, Bank of Canada warns
The Bank of Canada says household finances and the financial system were showing signs of increased resilience as the year started, but the threat of a prolonged trade war has pushed risks higher overall.
How trade war can elevate mortgage stress in Canada in 3 charts
The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.
Report calls for ‘auto pact’ tying duty-free vehicle imports to Canadian production
A new report suggests that if Canada can’t convince U.S. President Donald Trump to drop all auto tariffs, it should negotiate a new auto trade agreement with the U.S. and Mexico that would impose permanent import tariffs but grant automakers a break if they meet minimum local production requirements.
Meet the Canadian businesses that are betting big on home turf
As the Canada-U.S. trade relationship grows increasingly uncertain due to tariffs imposed under the Trump administration, a growing number of Canadian businesses are pivoting away from the U.S. and looking inward for stability.
B.C. premier says softwood lumber accord could build ‘momentum’ for U.S. trade deals
British Columbia Premier David Eby says resolving the softwood lumber dispute could create “momentum” for a larger trade agreement between Canada and the United States.
U.S. Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
The U.S. Federal Reserve kept its key interest rate unchanged Wednesday, brushing off U.S. President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.
The Daily Chase: Carney escapes from Washington unscathed
Here are five things you need to know this morning.
The Daily Chase: Trump repeats threats ahead of Carney meeting
Here are five things you need to know this morning.
Territorial premiers say internal trade talks should consider northern context
The premiers of Canada’s three territories say the country’s push to remove internal trade barriers needs to consider the unique economic situation of the North.
U.S. employers added a surprising 177,000 jobs as job market shows resilience
American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars.
Japan’s finance minister calls U.S. Treasury holdings ‘a card’ in tariff talks with Trump
Japan’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration, Finance Minister Katsunobu Kato said Friday.
