Donald Trump may have changed the rules of politics, but luckily for Canadians, the laws of trade gravity are harder to bend.
A new survey of executives by the Bank of Canada — and the last significant economic indicator before policy makers’ interest-rate decision next week — suggests most companies are tuning out the U.S. president’s harangues about “horrible” commercial agreements and his threats to correct the alleged unfairness with tariffs.
Or at least they were between early February and early March, when the latest Business Outlook Survey (BOS) was conducted. That was before the U.S. and China squared off for a trade war, so maybe animal spirits have waned a little.
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