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Bank of Canada Flags NAFTA, Bombardier Trade Woes: U.S. Protectionism ‘Already Evident’

Posted October 25, 2017

Under Economic Issues, International Trade Issues

(Erica Alini – Global News)

The Bank of Canada flagged potential risks to the Canadian economy from flailing NAFTA negotiations and the ongoing trade dispute between U.S. aircraft giant Boeing and Canada’s Bombardier.

The bank released its economic scorecard on Wednesday, when it also announced it would keep its key interest rate steady at 1 per cent.

The potential for protectionist policies in the U.S. was “front and center” in the report, noted TD economist Brian DePratto.

As an example of such policies, the bank mentioned the imposition of countervailing duties “on Canadian aircraft,” a clear reference to the Boeing-Bombardier case. Click here to read more.