The Bank of Canada is navigating through two potential economic scenarios due to the uncertainties surrounding a global tariff war: a brief pause in Canadian economic activity or a prolonged downturn lasting an entire year. The unpredictability of US President Donald Trump’s trade policies has led the central bank to issue dual forecasts rather than a singular projection, aiming to encompass various possible outcomes. These scenarios were unveiled as the bank paused its easing campaign for the first time since initiating rate cuts last June.
— new from Bloomberg.com
