Posthaste: Markets expect a Bank of Canada pause, but these economists have other ideas
The Bank of Canada paused interest rate cuts in April to get a better of idea of where Donald Trump’s tariffs and the economy were headed.
A month and a bit on and it’s questionable whether that outlook is any clearer.
Last week the U.S. Court of International Trade ruled against the tariffs Trump invoked under International Economic Emergency Powers Act, though that decision has been put on hold by an appeals court.
Then on Friday Trump said he would double tariffs on steel and aluminum...