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The U.S. government has undertaken one action so far: an additional 10% tax on Chinese imports.
The significant risk that tariffs pose to Canada’s economy casts a potentially dark shadow over the housing market.
Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.
There is much uncertainty as to whether tariffs get implemented or not, and whether they are broad in nature or more specific and targeted.
The Bank of Canada lowered its benchmark interest rate in January to 3% from 3.25% amid ongoing uncertainty over the threat of U.S. tariffs.