ADVERTISEMENT
Sponsored by
The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking damage.
ADVERTISEMENT
Fears of a tariff-driven recession has led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist.
Everything from crude oil to Big Tech stocks has fallen. Even gold, a traditional safe haven, pulled lower after Trump announced his 'Liberation Day' set of tariffs, which economists say carries the risk of a potentially toxic mix of weakening economic growth and higher inflation. Here’s the latest.
Find out who's on BNN Bloomberg TV today.
See all guestsCut out the noise. Hear what matters.
Watch now
Get a customizable stock list and breaking news alerts.
Download now
