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Poloz Says Canada Gain from U.S.-China Trade Deal is Uncertain
Bank of Canada Governor Stephen Poloz said it’s too early to tell whether recent improvements on the global trade front will lead to stronger trade and investment. In opening remarks he gave in Vancouver ahead of a “fireside chat” interview, Poloz said it “remains to be seen” how Canadian business will respond to the preliminary U.S.-China trade pact. The implications for Canada are uncertain. It’s not clear whether any more of the new tariffs imposed on China will be rolled back, and there are worries the U.S. could turn its focus to the European Union, he said. A lot of damage has already been done, and ... (full story)