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Some experts are calling into question the Bank of Canada’s decision to hold its key policy rate amid trade uncertainty, as the central bank faces dual risks from downside economic impacts coupled with higher inflation expectations.
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U.S. Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in inflation.
California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a global trade war.
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