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.
25 Articles
25 Articles
What happens when an economist becomes prime minister? : The Indicator from Planet Money
Today on the show, we meet Canada's new Prime Minister, economist Mark Carney. What's it like when your former job — being a non-political banker who decides a country's interest rate — bleeds into your now-political decisions on everything?Related episodes: A polite message from Canada to the U.S. (Apple / Spotify)
Trump-led U.S. an 'unreliable partner' for Canada, says expert group: 'we're dealing with an administration that doesn't believe our country has a right to exist'
The Expert Group on Canada-U.S. Relations says the dramatic shift in U.S. behaviour requires a Canadian strategy based on three principles: diversifying Canada’s trade and security relationships, addressing the country’s declining productivity levels compared to other G7 countries, and 'providing for our own security.'
Canada's prime minister says his country has little chance of avoiding a recession. “We cannot control President Trump's decisions.”
Canada will hardly be able to avoid a recession if the United States is hit, Canadian Prime Minister Mark Carney, a former banker, said on Monday during a campaign event for the legislative elections, journaldeQuebec.com reports.
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage