David McCoy

🚨 Bank of Canada Warns: Trump's tariffs could permanently cripple Canada's economy. Tiff Macklem: “A new crisis is on the horizon.” Trump’s tariffs: Sweeping 25% tariffs on 🇨🇦 goods start in March. 🇨🇦 response: Retaliatory tariffs on 🇺🇸 imports. Economic impact: No post-pandemic-style rebound—“output will be permanently lower.” Inflation spike: Retaliatory tariffs will drive up prices in 🇨🇦. Loonie at risk: Already weakened, could drop further in a trade war. Exports hit hard: 🇺🇸 accounts for ⅓ of 🇨🇦 national income. Bank of Canada’s dilemma: Can’t cut interest rates too much without fueling inflation. Structural damage: Productivity crisis and interprovincial trade barriers worsen the impact.