... If Trump’s tariffs are a bluff, Finlayson agrees with the B.C. government’s forecast of 1.5 per cent GDP growth in 2025.
That is based on slightly improved global growth—which is good for commodity prices—and further interest rate cuts, which are good for real estate and construction.
That all goes out the window if Trump puts tariffs on $600 billion worth of Canadian exports.
“The Canadian economy will be catapulted into virtually an immediate recession, in my view,” Finlayson said ...
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