Tariffs on Canadian goods announced by the U.S. on July 31 do not significantly alter Canada’s economic outlook. The International Emergency Economic Powers Act (IEEPA) tariff increased from 25% to 35%, but still only applies to the portion of trade that is not compliant with the free trade CUSMA/USMCA. That exemption is maintaining duty free […]
The post CUSMA Exemption Holds Up Despite Latest U.S. Tariff Hike; Canada’s Jobs to Show Stabilization appeared first on Action Forex.
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Recession is not our base case, but we believe the risk distribution has shifted decisively to the downside, as oil briefly broke above $110/barrel and remains volatile. The U.S. economy does not enter the current Read more…
RBA Deputy Governor Andrew Hauser signaled that policymakers face a difficult decision at next week’s board meeting, warning that the recent surge in oil prices is adding new uncertainty to the inflation outlook. Speaking in Read more…