Bank of Canada would need to hike interest rates by up to 1.25% in full-blown tariff war, warns OECD

Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s tariff war, according to a new report by the Organization for Economic Co-operation and Development (OECD). The OECD cut its growth forecast for Canada by more than half…