1009 ET - Canadian exports are likely to drop sharply in the face of President Trump's tariffs, but for now solid trade flows are being driven by efforts to get in front of those levies, CIBC Capital Markets' Katherine Judge says. Efforts to get in front of Trump's tariffs on Canada boosted exports in January and Judge says February could also have seen more pulling forward of demand-boosting exports as tariffs were delayed for only 30 days at that point. Autos that comply with the USMCA are now exempt from tariffs for one more month, but the lingering uncertainty is clearly a negative for business investment in Canada, she says. And that should keep the Bank of Canada on a rate-cutting trajectory, with the jobless rate forecast to rise to a little over 7% in the coming months. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 06, 2025 10:09 ET (15:09 GMT)
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