BOC warns of fall­out from trade un­cer­tainty

Ex­pert says it’s un­clear what global tar­iffs will mean

StarMetro Vancouver - - Canada -

Even with re­as­sur­ing trade news out of the United States, a se­nior Bank of Canada of­fi­cial warned Thurs­day of se­ri­ous con­se­quences re­lated to steel and alu­minum tar­iffs as he sent sig­nals the bank’s in no rush to raise in­ter­est rates.

Deputy gover­nor Ti­mothy Lane said in a speech that the cen­tral bank is closely watch­ing the un­cer­tainty sur­round­ing global trade ten­sions, com­pet­i­tive­ness is­sues and the fu­ture of the North Amer­i­can Free Trade Agree­ment.

But even as he un­der­lined the many sig­nif­i­cant eco­nomic un­knowns, Lane also de­liv­ered an up­beat mes­sage about the health of the Cana­dian econ­omy and

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