Shipments to China rose 22% in the first half of 2025
Promotions boosted May retail sales, but exports and housing slumped
Half of manufacturers polled said they were affected by tariffs in April
Inflation remains mild, with little impact from tariffs so far
Trade group estimates the measure could cost the country US$55B annually over 10 years in lost GDP
Global economy has missed its chance for a soft landing, bank says
Governor sees room for central bank's mandate to expand beyond inflation
Gains in healthcare and hospitality offset by losses in government and manufacturing
Central bank says business and consumer survey data is key to making decisions amid uncertainty
Deficit compares with a $2.3-billion shortfall in March