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[Bank Of Canada: No Reflection On 2% Inflation Target For Now, Trump Tariffs Will Cause Canadian Exports To Fall By More Than 8% In The First Year] The Bank Of Canada Announced An "assessment Of Monetary Policy Framework": It Is Not Time To Reflect On The 2% Inflation Target. It Is Necessary To Ensure That Inflation Expectations Are Anchored At 2%. The Central Bank Will Assess The Impact Of Core Inflation Indicators And Housing Prices. The Central Bank Will Examine The Impact Of Monetary Policy On Housing Demand And Supply. The Central Bank Is Pleased That The Federal Government And Provinces Attach Importance To Productivity. Eliminating Internal Trade Barriers Will Help Offset Trade Frictions Caused By The United States. The Details Of The Tariffs (Canada's Response To US President Trump's Threats) Are Still Unknown, But "structural Adjustments" Will Depend On The United States. The Increase In Trade Frictions Between The United States And Canada Is A "new Reality." (Canada's) Tariff Countermeasures Are Limited, But Can Help (Canada Achieve) Economic Adjustments. Trump's Tariffs Will Cause Canada's Output To Decline, And Then Cause Economic Growth To Slow. Trump's Tariffs Will Cause Canada's Exports To Decline By 8.5% In The First Year
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