Diversifying trade key to building ‘resilience’ against U.S. tariffs: Macklem
BoC governor urges firms to look beyond U.S. as trade tensions and tariffs threaten growth
- By: Craig Lord, The Canadian Press
- June 18, 2025 June 18, 2025
- 13:30
BoC governor urges firms to look beyond U.S. as trade tensions and tariffs threaten growth
Auto exports to U.S. plunge nearly 25% as talks stall over escalating Trump tariffs
This marks the slowest increase since 2020 amid continued reductions in immigration levels
Stubborn food inflation and global uncertainty cloud outlook
Pace of hiring has slowed to 124,000 jobs a month from 168,000 last year
Economic impact of natural disasters goes beyond short-term, hurts investment, productivity, RBC economists say
Wide range of proposals, from market structure to broker conflict issues, dropped
One-fifth of those polled said they're putting more money aside due to geopolitical instability
Policymakers cited unpredictable U.S. trade policy, inflation in holding rate at 2.75%
Lending and underwriting among the world's 65 top banks rose 23% last year
Wage growth slowing as unfilled job numbers return to pre-pandemic levels: Statistics Canada
April saw largest monthly divestment from domestic bonds since 2018
Changes reflect higher spending on housing and vehicles
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales