As the reality of what may be up to a 20% increase in taxes on imports sets in, global production and consumption will fall back as will imports into the U.S. … READ MORE >
tariffs
Trade war turning FX traders bearish on the dollar
Currency trader positioning is turning bearish on the dollar and becoming more bullish on the currencies of major U.S. trading partners as the U.S. prepares to launch a multinational trade war. … READ MORE >
Financial conditions turn negative amid risks of trade war
Given the ever-widening scope of U.S. tariffs, with the next round set to take effect on April 2, the risks to the economic outlook through the financial channel are elevated and rising. … READ MORE >
Buy Canadian movement offers opportunities amid heightened emotions
The Buy Canadian movement may be more than a reactionary fad amid U.S. tariffs. The increased awareness of domestic options could shift behaviours in the long run—but being aware of its limitations is critical. … READ MORE >
Market minute: The Dirty 15, or those economies likely to be targeted with selected tariffs
From our point of view, the current global trade framework favors the U.S. for the most part. … READ MORE >
Market minute: U.S. financial conditions continue to deteriorate
Financial conditions continue to deteriorate as uncertainty and volatility creep back into the equity, bond and money markets. … READ MORE >
Industrial production index hits record high amid tariffs
The U.S. industrial production index rose to a record 104.2 on a seasonally adjusted basis in February, according to the Federal Reserve. … READ MORE >
Calm before the storm: Canada’s CPI rises as tax break ends
Canada’s consumer price index for February saw a sizeable uptick—but the increase was just the calm before a broader economic storm. … READ MORE >
Market minute: U.S. runs a trade surplus with Canada excluding oil
The oil trade between the two countries is a function of geographical proximity, efficiency, cost and infrastructure concerns. … READ MORE >
Market minute: Will the economy keep on truckin’? An indicator is saying no.
The Dow Jones U.S. Trucking Index has declined 24% from its peak on Nov. 11 and is down 21.5% since its recent high on Feb. 18. … READ MORE >