Economy faces unprecedented risk from volatile U.S. policy
Merchandise trade down, services exports up, imports flat in Q4
Newfound focus on bilateral trade may reshape global practices
Wholesale sales dropped 0.2% to $83.6 billion in December; wholesale sales were down 0.8%
Economic fallout would weigh on banks' credit quality, driving loan losses
However, the firm says it's hard to put the sales into context amid uncertainty over U.S. tariffs
Moving production fully to the U.S. estimated to cost auto producers US$50 billion
Outcome of vote unlikely to have immediate credit impact: Fitch
Cost of latest trade salvo is low, but it escalates tensions, Moody's says
Disruption to key global shipping lanes has varied credit impacts, DBRS says