A slashing of interest rates is all but inevitable at this point, but the Bank of Canada is unlikely to do anything that might set off alarm bells and upset the political fortunes of a previous boss, apparently.
Nonetheless, they write, with Canada’s economy in “decent shape,” the BoC has the “luxury of waiting a bit more” with an election at the end of April that will help determine how the trade war plays out.
As the central bank has noted, it has limited capacity to push against a policy shock of this nature. Don’t expect a substantial drop in interest rates, but there is room for at least 50 basis points of cuts to ease financing costs.”
Devaluing the Canadian dollar. Your country has learned well from its ChiCom masters.
Oh it’s coming and more.
Stellantis shut down its plant “for two weeks” in Windsor. They used tariffs as the excuse, but, Stellantis has been on life support for some time now.
Crappy vehicles, overpriced and sitting on the lot for long periods, the Death watch is on.
They stopped the V8 Charger production, for an EV, that can make pre-recorded V8 sounds, “for effect”. No wonder they’re on a watch.
Stellantis is also the Fix It Again Tony company.
Somebody tell Marx Carney that Canaderp doesn’t make cars, American companies make some cars in Canaderp! Or at least used to.
Bring on the recession, let’s get it on! With Morontariowe the Center of the despair. NOW!
Here’s a couple of articles from 2024 (i.e. pre-Trump) confirming Stellantis’ problems:
https://apnews.com/article/stellantis-ceo-resigns-sales-struggle-df052376ff0ace08fd94a7821cb73317
https://apnews.com/article/stellantis-tevares-d6db36e05c7305eb4795db3fb382e101
So undoubtedly looking for a bailout.
DanBC…Two weeks to flatten the curve ball
“Too big to fail”
fake muscle car sound effects?
yep:
https://www.thetruthaboutcars.com/cars/news-blog/stellantis-patents-fake-engine-vibrations-for-evs-44505265
This place is a banana effin republic beyond repair, these navel gazing idiot leftists are too stupid.
51st state status would be a blessing, a huge gift even if we only got fifty cents on the dollar.
Your Liberal racist neighbours hate your guts and they will destroy this “country” to prove it to you.
No metric system,
U.S. dollar
actual Property rights
no restrictions on guns,
open border with the states and no border patrol
stronger economy
less taxes
or more of the Liberal/Tory, same old story, navel gazing nonsense we’ve been sentenced to for the last 70 years?
That’s a tough one, not.
Agreed. An actual constitution and freedom of speech. The West would be a great partner in Energy security and prosperity for all hardworking citizens.
CONfederation is done
FREEZE IN THE DARK , you fucking commies
To be fair, they would have the constitutionally protected right to practice the metric system in their own homes.. We’ll have none of that commie bullsh!t out on the streets tho!
Except the US gallon is only 3.78 litres compared to our gallons that were 4.55 litres before PET Euroweenied the country.
Yes, the ‘imperial gallon’ was racist.. A tool of the colonizer..
Come on, you can got negative! We know you can; all while bringing the repressive, threatening US to its knees.