Canada’s Economy Caught Between Oil Windfalls and Trade Wars

A recent Bank of Canada Market Participants Survey has flagged geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by the Middle East war, with 82% of respondents identifying it as the biggest risk, while 79% and 57% of respondents picked growing trade tensions and tightening global financial conditions, respectively. The shift from trade tensions dominating headline risks to Canada’s economy amid Trump tariffs is larg...