With the threat of tariffs sometimes changing daily (or even hourly), Canadians are wondering what the impact is in the housing market. There is no finite answer, of course, but a story in The Financial Post implies that the Bank of Canada may have to change its direction.
“If a new round of tariffs ever comes into play,” it reads, "they could force the Bank of Canada to set aside its inflation mandate to protect the country’s growth, say several prominent economists.”
Revelation of the Bank’s position will become clear the next time it announces any change in interest rates on March 12.