Trade
Bank of Canada Sees Trade War Permanently Cutting Output by 2.5%
Ships anchored off the Port of Montreal in Montreal, Quebec.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Supply Lines is a daily newsletter that tracks global trade. Sign up here.
While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.