Protectionism may have ‘serious consequences’ – Canada’s Lane

Bank of Canada
The Bank of Canada: worried by Trump’s trade rhetoric
Photo: Shutterstock

The uncertain renegotiation of key trade agreements and recent protectionist proposals by the US administration may have “serious consequences”, said Bank of Canada deputy governor Timothy Lane in a speech on March 8.

A day earlier, the Bank of Canada had left its key policy rate unchanged at 1.25%, despite stronger economic growth. The central bank stressed the impact protectionist trade policies have on its outlook: “Trade policy developments are an important and growing source of uncertainty

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