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Carney says chances of US recession has shot up, will hit Canada

  • Canadian Prime Minister Mark Carney announced plans to cut minimum RRIF withdrawals by 25% and raise the Guaranteed Income Supplement by 5%, tax-free for one year.
  • Carney stated on X that President Trump's tariffs are damaging the global economy and worrying seniors about their savings.
  • Raghuram Rajan indicated that the Trump administration's tariff policy increases the risk of a US recession, which will adversely affect Canada.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Hoover Institution broke the news in on Monday, April 7, 2025.
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