Rising Canada recession risk to trigger at least two more rate cuts this year: poll

News Snapshot:

Growing recession risks to Canada from the U.S.-led trade war will push the Bank of Canada to cut interest rates at least twice more this year, although a majority of economists said policymakers will leave them unchanged on Wednesday. U.S. President Donald Trump’s surprise announcement last week to put a 90-day pause on reciprocal tariffs, except China, did little to alter pessimism around Canada’s economic prospects as U.S. levies on autos, steel and aluminum remain in place. Unpredictable U.S. trade policy alongside Trump’s increasingly severe dispute with No. 2 economy China has raised the chances of a global economic downturn...