There are voices in the investor community who think tariffs will win out over inflation, making more rate cuts likely

The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump's tariffs.

Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.

Canada announced $21 billion in new tariffs against the U.S. on Wednesday, escalating the trade war between the two countries.

Mark Carney, Canada’s incoming prime minister, is no stranger to crises. Now he faces what is arguably the challenge of a lifetime: President Trump. Matina Stevis-Gridneff, the Canada bureau chief for The New York Times,

President Donald Trump's nominee to be the U.S. ambassador in Ottawa said on Thursday he views Canada as an independent nation, pledging to respect its sovereignty amid a global trade war and hostile rhetoric that has roiled diplomatic relations.