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Canadian Quarterly Economic Forecast
The global economy succeeded in a “soft landing” in 2024, albeit some countries stuck the landing better than others. To the surprise of many, U.S. equity markets rose at a breakneck speed, and never looked back after President Trump was elected. Expectations that Congress’s red wave would be good for business superseded concerns of renewed tariff wars. Policies will come fast and furious in 2025, be it changes to immigration, regulations, taxes, let alone the overlay of tariffs that will no longer be reserved only as a tool to address trade irritants on goods and services. We suspect analysts will display a ... (full story)