A trade war would hurt Canada’s banks: DBRS
Economic fallout would weigh on banks' credit quality, driving loan losses
- By: James Langton
- February 6, 2025 February 6, 2025
- 14:36
Economic fallout would weigh on banks' credit quality, driving loan losses
Report says rent declined for the fourth straight month following 38 consecutive increases
Claims rose by 11,000 to 219,000 last week
Two of the nine-member panel voted for an even bigger cut
Weaker core inflation offsets rise in energy price pressures
Agency expects lower borrowing costs, changes to mortgage rules to boost demand this year
Deals with Ecuador, Indonesia contrast with lack of progress with India, the U.K.
StatCan says overall exports rose 4.9% to $69.5 billion for the month
Research finds media coverage boosts fund flows, portfolio allocations
The openings fell short of what economists had expected
A 15-year high in business, consumer insolvencies was recorded in 2024: association
However, the firm says it's hard to put the sales into context amid uncertainty over U.S. tariffs
'China is trying to increase its bargaining chips,' senior economist in Hong Kong
With Trump, 'there's always this sword hanging over our heads': Legault
Canadian dollar neared 70 cents after PM announced that tariffs would be paused
Canada commits to appoint a “fentanyl czar” and more
Trudeau made the statement on X
Mutual fund net sales totalled $15.2 billion in 2024, the first year of positive net sales since 2021
Honda and Toyota would be especially affected by the tariffs as they produce a lot of their CRV and RAV4 vehicles in Ontario
Trump's tariffs against Canada and China are still slated to go into effect on Tuesday
The Canadian Chamber of Commerce estimates that a 25% tariff across the board could cost Canadian households $1,900 per year
U.S. President Donald Trump will hit Canada with 25% tariffs on Tuesday, with a lower 10% duty for energy
The Canadian Federation of Independent Business said the tariffs are "deeply disappointing and will hit small businesses hard"