Protectionism may have ‘serious consequences’ – Canada’s Lane
US tax reforms may affect Canada’s capacity to attract investment, warns deputy governor
The uncertain renegotiation of key trade agreements and recent protectionist proposals by the US administration may have “serious consequences”, said Bank of Canada deputy governor Timothy Lane in a speech on March 8.
A day earlier, the Bank of Canada had left its key policy rate unchanged at 1.25%, despite stronger economic growth. The central bank stressed the impact protectionist trade policies have on its outlook: “Trade policy developments are an important and growing source of uncertainty
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