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Global equity markets fell more sharply this week following the revelation from the U.S. administration that its reciprocal tariffs will be much broader and larger than most investors expected.
Global markets have benefitted from the lack of trade-related noise over the past few weeks, with markets outside of the U.S. continuing to outperform year-to-date.
The Bank of Canada lowered its benchmark interest rate again in March, this time to 2.75% from 3%.
We are only in the month of March yet, it has been quite the year already given the policy shifts and turns undertaken by the U.S. administration.
Although trade policies are evolving and government responses remain uncertain, here is a summary of what we know.