New expenses brought on by tariffs have led these firms to employ fewer workers, accept lower profits
Exports rose 6% last year, while imports rose nearly 5%
The minutes underscored the deeply divided nature of the committee
U.S. trade relationship biggest threat to economy in 2026: BMO
S&P/TSX composite was down more than 780 points on Thursday
Mounting layoff announcements, sluggish labour market reports have left Americans increasingly pessimistic about the economy
Shopify Inc. was the largest drag on Canada's benchmark index
Debt held by the public is projected to rise from 101% of GDP to 120% — exceeding historical highs
Report also contains revised numbers for 2025, cutting job creations by more than half
Disappointing U.S. retail sales raise bets for more rate cuts