Geopolitical risks trump trade tensions as biggest threat to Canadian economy, Bank of Canada survey finds
The Bank of Canada says geopolitical instability has overtaken trade tensions as the biggest downside risk to Canada’s economy, according to its latest survey of financial and business leaders. In the first-quarter Market Participants Survey, 82% of respondents cited geopolitical risks as a top concern, ahead of rising trade tensions at 79%, while easing trade tensions was identified as the leading upside risk for economic growth. Governor Tiff Macklem warned the economic outlook remains heavily dependent on global developments and inflation pressures.
