Power & Politics Bank of Canada warns of trade war's economic risks
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May 8, 2025 Katie Simpson, CBC's correspondent in Washington, discusses the precarious trade deal between the U.S. and the U.K. Christine Normandin, Bloc Québécois House Leader, opens up about her party's collaborative spirit with the Liberal minority government. James Moore and Andrew Thompson offer insights into the turbulent Canadian political landscape. Shachi Curl shares thoughts on how trade wars could risk Canada's financial stability, echoing the Bank of Canada's urgent warnings about market dysfunction and economic fallout.
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U.S.-UK Tentative Trade Deal Insights
- The U.S.-UK tentative trade agreement keeps some tariffs but shows potential for future growth.
- The deal signals Trump is open to agreements but lacks finalized details and full free trade.
Bank of Canada Warns Trade Risks
- The Bank of Canada warns the U.S. trade war risks pushing Canada into recession and financial instability.
- Tariffs affect supply chains, drop in imports will impact truckers and retailers starting next week.
Western Grievances vs Separatism
- Western separatism stems mainly from perceived unfair treatment, not broad separatist support.
- Political dynamics weaponize grievances but do not signal a significant separatist movement growth.