Skip to Main content

13.98°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

May 8, 2025 6:03 PM - Connect Newsroom

Bank of Canada warns trade war poses financial stability risks

Share On

bank-of-canada-warns-trade-war-poses-financial-stability-risks

The report said that a global trade war that lasts for a long time would have serious economic consequences. (Photo: The Canadian Press)

The Bank of Canada has warned that the trade war poses a major threat to the Canadian economy, which could increase risks to Canadian financial stability, which would damage banks and other financial institutions and make it difficult for households and businesses to repay loans.

In its annual Financial Stability Report released on Thursday, the central bank said that if it had not been for Trump's trade war, the Canadian economy would currently be in a strong position, but now there are concerns that the high level of uncertainty about US trade policy could derail financial markets.

The report said that a global trade war that lasts for a long time would have serious economic consequences. Governor Tiff McCallum said that our analysis is not just a forecast, it is an assessment of uncertainty.

Latest news

federal-appeal-court-grants-b-c-ostriches-stay-of-cull-pending-review

Federal Appeal Court grants B.C. ostriches stay of cull pending review

The Federal Court of Appeal has granted a stay that pauses the potential cull of nearly 400 ostriches at a B.C. farm. Court records show that a motion to pause plans for the cull, pending an appeal, was granted this afternoon in Ottawa. The owners of Universal Ostrich Farm in Edgewood, B.C., have been fighting an order from the Canadian Food Inspection Agency to cull their flock after it was hit with an avian flu outbreak last year. Katie Pasitney, whose mother co-owns the farm, thanked supporters in a post on social media, saying the ``next phase of the battle'' will allow the farm to pus

canadas-audrey-leduc-finishes-7th-at-paris-diamond-league

CanadaJun 20, 2025

Canada's Audrey Leduc finishes 7th at Paris Diamond League

Canadian sprinter Audrey Leduc finished seventh in the 200m at the Diamond League World Championships in Paris. The 26-year-old sprinter from Quebec finished the event in 22.90 seconds. In this event, America's Anavia Battle (22.27 seconds) took first place, while Great Britain's Amy Hunt (22.45 seconds) took second place and America's Mackenzie Long (22.49 seconds) took third place. Audrey Leduc is the Canadian record holder in the 200-meter event, which she set in May of last year with a timing of 22:36 seconds. Her season best timing this year is 22:80 seconds.

missing-youth-for-location-edris-azizi

CanadaJun 20, 2025

Missing youth for location – Edris Azizi

Surrey Police Service (SPS) is requesting the public’s assistance in locating a missing 10-year-old male. Edris Azizi left his residence in the 13100 block of 103A Street at 8:15 am this morning. He did not arrive at a neighbourhood school as anticipated. Edris Azizi stands 4’8” tall with a slim build and black hair. He was last seen wearing a black t-shirt and black cargo pants with a colourful backpack. He may be riding an electric scooter. Anyone with information concerning the whereabouts of Edris should contact SPS at 604-599-0502 and quote file 25-50787 (SP).

highway-1-at-tank-hill-closed-overnight-for-scheduled-construction

Highway 1 at Tank Hill closed overnight for scheduled construction

Drivers are advised of an overnight closure on Highway 1 at Tank Hill, 14 kilometres east of Lytton, to allow for the placement of concrete on the new structure over the CPKC Railway. Highway 1 through the Fraser Canyon will be closed in both directions beginning midnight on Monday, June 23, 2025, until 9 a.m. on Tuesday, June 24, 2025. Checkpoints will be set up at Lytton and Spences Bridge to provide travellers with information about alternative routes. Gladwin area and Nicomen River Road will remain accessible to local traffic. All other traffic will be detoured via Highway 12, Highway 5 a

more-information-has-emerged-about-the-missing-22-year-old-indian-origin-student-sahil-kumar

CanadaJun 20, 2025

More information has emerged about the missing 22-year-old Indian-origin student Sahil Kumar

More information has emerged about Sahil Kumar, a 22-year-old Indian-origin student who was found dead in Hamilton, Ontario, 10 days after he went missing. Sahil was last seen on May 16 and it is learnt that he took the Jio train to Toronto that day, the reason behind which is still unclear. Police said he left Union Station and headed towards York Street and was last seen near Yonge and Dundas Streets around 1 pm. His cell phone was switched off around 1:30 pm that day. According to his cousin Amit Singh, Sahil's body was found on the Toronto waterfront on May 26, which has now been sent

Related News

Federal Appeal Court grants B.C. ostriches stay of cull pending review

Federal Appeal Court grants B.C. ostriches stay of cull pending review

The Federal Court of Appeal has granted a stay that pauses the potential cull of nearly 400 ostriches at a B.C. farm. Court records show that a motion to pause plans for the cull, pending an appeal, was granted this afternoon in Ottawa. The owners of Universal Ostrich Farm in Edgewood, B.C., have been fighting an order from the Canadian Food Inspection Agency to cull their flock after it was hit with an avian flu outbreak last year. Katie Pasitney, whose mother co-owns the farm, thanked supporters in a post on social media, saying the ``next phase of the battle'' will allow the farm to pus

Canada's Audrey Leduc finishes 7th at Paris Diamond League

Canada's Audrey Leduc finishes 7th at Paris Diamond League

Canadian sprinter Audrey Leduc finished seventh in the 200m at the Diamond League World Championships in Paris. The 26-year-old sprinter from Quebec finished the event in 22.90 seconds. In this event, America's Anavia Battle (22.27 seconds) took first place, while Great Britain's Amy Hunt (22.45 seconds) took second place and America's Mackenzie Long (22.49 seconds) took third place. Audrey Leduc is the Canadian record holder in the 200-meter event, which she set in May of last year with a timing of 22:36 seconds. Her season best timing this year is 22:80 seconds.

Missing youth for location – Edris Azizi

Missing youth for location – Edris Azizi

Surrey Police Service (SPS) is requesting the public’s assistance in locating a missing 10-year-old male. Edris Azizi left his residence in the 13100 block of 103A Street at 8:15 am this morning. He did not arrive at a neighbourhood school as anticipated. Edris Azizi stands 4’8” tall with a slim build and black hair. He was last seen wearing a black t-shirt and black cargo pants with a colourful backpack. He may be riding an electric scooter. Anyone with information concerning the whereabouts of Edris should contact SPS at 604-599-0502 and quote file 25-50787 (SP).

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital