Former Bank of Canada governor Stephen Poloz says ongoing trade tensions with the U.S. have made businesses wary to invest in Canada, putting more strain on an already-struggling economy as the threat of devasting tariffs looms.
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Former Bank of Canada Governor Carney Launches Liberal Leadership BidMark Carney formally announced his candidacy to lead the Liberal party and become Canada's Prime Minister, criticizing Conservative leader Pierre Poilievre as a 'dangerous, sloganeering populist'. Carney, a former central banker with experience at the Bank of Canada and Bank of England, launched his campaign in Edmonton, emphasizing his economic expertise and his vision for Canada during uncertain times.
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Former Bank of Canada Governor Mark Carney Launches Bid for Canadian Prime MinistershipMark Carney, former governor of both the Bank of Canada and the Bank of England, officially announced his candidacy for the leadership of the Liberal Party and Prime Minister of Canada. He positions himself as an outsider and an unconventional politician who can address the systemic issues facing Canadians. Carney faces competition from Chrystia Freeland, Karina Gould, Jaime Battiste, Chandra Arya, and Frank Baylis. The Liberal Party will elect its next leader on March 9th.
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Trudeau at Auschwitz, Bank of Canada Rate Cut Expected, Former Calgary Councillor's Verdict ImminentPrime Minister Justin Trudeau travels to Poland to commemorate the 80th anniversary of Auschwitz liberation. Economists predict the Bank of Canada will lower its key interest rate, while a judge is set to rule on the case of a former Calgary councillor accused of fraud.
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Former Bank of Canada Governor Warns of Economic Strain from US Trade TensionsStephen Poloz, former governor of the Bank of Canada, cautions that ongoing trade disputes with the U.S. are deterring business investment in Canada, exacerbating an already fragile economy. Poloz highlights the threat of U.S. tariffs and the lingering effects of the pandemic, emphasizing the need for policies that incentivize investment and strengthen Canada's economic resilience.
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Canada's Inflation Eases, But Bank of Canada Faces Tough Trade-OffCanada's inflation rate dipped in December, but a leading economist warns that the Bank of Canada will likely prioritize stimulating the economy over immediate inflation control, given the looming threat of US tariffs and slowing growth.
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National Bank CEO Calls for Canada to Implement 'Buy Canada' Act Amid US Trade TensionsLaurent Ferreira, CEO of National Bank of Canada, advocates for protectionist measures and business-friendly reforms in response to US tariffs and protectionism. He proposes a 'Buy Canada Act' for government procurement and investments in key sectors, alongside tax and regulatory relief for businesses.
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