A Trade War With U.S. Would Knock Canada's Economy Into Recession:

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A Trade War With U.S. Would Knock Canada's Economy Into Recession:

Post  kelee877 on Mon Jun 18, 2018 4:13 am

A new analysis of escalating trade disputes involving the United States warns that a deterioration into an all-out, global trade war would knock North America's economies into recession.

The report by Scotiabank said if the U.S. breaks all trade ties with its partners — and imposes across-the-board tariffs that average 20 per cent — then Canada and Mexico would see their economies contract in 2020.

For Canada, it predicts the economy would shrink 1.8 per cent.

"A ramp-up in protectionism in the U.S. results in a negative impact on growth in each of the NAFTA partners' economies," said the report, co-authored by Scotiabank's Brett House, Juan Manuel Herrera, Rene Lalonde and Nikita Perevalov.

This worst-case scenario is one of several potential outcomes examined by Scotiabank.

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kelee877
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Re: A Trade War With U.S. Would Knock Canada's Economy Into Recession:

Post  kelee877 on Mon Jun 18, 2018 4:16 am

Basically its all blah blah blah....and the bottom line is ...bend over and kiss your a$$ goodbye..the banks will take advantage of this and use it as their own excuse to squeeze every family for every last nickle they have( no pennies here in Canada). This is just the tip of the ice burg ...
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