Apr
12
Bank of Canada Decides Trump Isn’t Helping Its Cause
By-
rade uncertainty will weigh on Canadian exports, investment
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U.S. fical stimulus now set to arrive later than forecast
The Bank of Canada has long been searching for growth to rebalance toward exports and business investment to put the economy on a sustainable path.
Now it’s decided U.S. President Donald Trump isn’t helping.
The bank was among the first to attempt to quantify and pencil in the Trump effect on U.S. growth, estimating in January that personal and corporate tax cuts would raise the level of the American economy by 0.5 percent by the end of 2018, while having much smaller positive ripple effects on Canadian activity…
Bank of Canada Decides Trump Isn’t Helping Its Cause
