Big negative revisions in trade-exposed sectors points to economic fallout from tariffs
High trade costs, ongoing uncertainty weighs on corporate planning, investment
Weaker labour market would give Bank of Canada room for more rate cuts
Analysis by Washington non-profit shows key sectors are highly exposed to import taxes
Sales fell 0.9% to $68.7 billion in May, but fewer firms reported being hit by U.S. tariffs
U.S. president also signals duties on pharmaceuticals coming within a year
Half of manufacturers polled said they were affected by tariffs in April
Technological innovation is a key reason for sector's declining share of nominal GDP, Fitch says
Canada calls new U.S. tariffs “unlawful” as industries brace for impact
U.S. imports dropped sharply in April, likely didn't recover in May