Mark Rendell

Pushed by Trump, Canada enters a new era of economic nationalism The U.S. President’s ‘America First’ economic vision is pushing Ottawa to reach for a Canada First toolkit – one that would have been inconceivable a year ago

Trump's America First economic vision is pushing Canada to follow suit, reviving a kind of economic nationalism not seen since the 1980s. I unpack the risks, trade-offs and opportunities of #Carney's new 'comprehensive industrial strategy' #cdnpoli #cdnecon
www.theglobeandmail.com/business/eco...

The fight to preserve North American trade is just beginning: A guide to the USMCA renewal talks After an onslaught of tariffs levied by the Trump administration, Canada is gearing up for renegotiations

USTR posted a notice online Tuesday formally kicking off the review of the continental trade pact, the USMCA. What happens next? What's at stake? What does each side want? Check out my guide to the renewal talks theglobeandmail.com/business/eco... #CdnPoli #CdnEcon #Trump #USMCA

Macklem, Mounties and Mountains, the Canadian bingo card. #G7 #Cdnpoli #cdnecon

What Trump’s trade deals could mean for Canada Why we all need to get used to a baseline 10-per-cent tariff from the U.S.

Over the past week, Donald Trump has stepped back from the brink in his trade war with China and announced a deal with the U.K. What does it mean for global trade? And how does it impact Canada? I'm on the Decibel today breaking it down. #cdnecon #cdnpli www.theglobeandmail.com/podcasts/the...

Tariff cheat sheet: What’s in effect, what’s on pause and what’s been threatened? U.S. President Donald Trump has imposed, paused and threatened more tariffs to come. Here’s what you need to know

Confused about tariffs? We all are.

Here's a gift link to an explainer from @markrendell.bsky.social. We update this piece any time tariff rules change (so, frequently).

Making sense of Trump’s ‘Liberation Day’ tariffs New reciprocal tariffs threatens global systems of trade

Are you trying to make sense of Trump's "Liberation Day," the global trade war he launched on April 2, and how Canada and Mexico got off relatively lightly? I'm on the Decibel talking tariffs. Check it out. #cdnecon #econ #cdnpoli
www.theglobeandmail.com/podcasts/the...

Ten economic issues that will define the 2025 election, explained in charts Pocketbook issues were set to dominate the conversation in this election cycle. Then along came a trade war

The federal election will be fought along economic lines, but the ground has shifted. Here are the key economic issues that will define the race throughout this month. w/ @mattlundy.bsky.social #cdnecon #cdnpoli #econ
www.theglobeandmail.com/business/art...

Americans set for inflation jolt as car prices get hit by Trump tariffs Analysts think the price tag on a new vehicle could jump by several thousand dollars depending on the model

New vehicle prices are set to jump by thousands of dollars because of incoming tariffs.

“Not a lot of households are going to be able to finance new vehicles at current interest rates and these elevated price points potentially.” (via @markrendell.bsky.social)

Bank of Canada unveils new playbook as Trump’s tariff threats create mayhem The central bank will focus on minimizing risks when setting interest rates, said Governor Tiff Macklem

Central banking in a trade war. Macklem:"It’s very hard for any of us on Governing Council to have high conviction about the most likely outcome...We need to set policy that minimizes the risk. That means being less forward-looking... and it may mean acting quickly when things crystallize." #cdnecon

Check out the latest edition of my @financialtimes.com newsletter. (1/2)

How to turn Canada into an economic superpower:
on.ft.com/4hD9tbe

Tiff Macklem on what the Bank of Canada can and can’t do as Trump remakes the economic order If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely

Our interview with Tiff Macklem: “I will admit I find myself checking the news cycle more frequently than usual.” (via @markrendell.bsky.social)

Tiff Macklem on what the Bank of Canada can and can’t do as Trump remakes the economic order If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely

Tiff Macklem is checking headlines and weighing the risks of recession against inflation, as Trump hits Canada with a barrage of tariff threats. How do you run a central bank in a trade war? I spoke with the @bankofcanada.bsky.social governor this week to find out.
#cdnecon #econ #cdnpoli #trump

Bank of Canada Media Interview – The Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.

Governor Tiff Macklem gave an interview to @markrendell.bsky.social of @theglobeandmail.com.

bit.ly/3FlR59p

#cdnecon #economy

Trump’s 2018 steel tariffs brought higher prices, did little to boost jobs The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen

While the 2018 tariffs steel and aluminum tariffs didn’t do much to boost jobs, they did boost prices. Reposting ahead of tomorrow's tariffs. w/ @jasonkirby.bsky.social #cdnecon #cdnpoli #econ

www.theglobeandmail.com/business/eco...

Bank of Canada expected to cut interest rate again as trade war with U.S. disrupts economy Traders and analysts expect the BoC to focus more on recession risk than rising imported goods prices as Ottawa retaliates with tariffs and the Canadian dollar depreciates

With Donald Trump shaking the foundations of the integrated North American economy, the Bank of Canada is widely expected to cut interest rates for a seventh consecutive time on Wednesday. #cdnecon #cdnpoli www.theglobeandmail.com/business/art...

What gets a reprieve from Trump’s tariffs? Understanding the USMCA Donald Trump has put a month-long pause on imports that are compliant with free-trade agreement. But many Canadian goods will still be subject to tariffs

Confused about Donald Trump's latest tariff flip-flop? I wrote an explainer on the USMCA and what's eligible (or not) for the one-month tariff reprieve. #cdnecon #cdnpoli
www.theglobeandmail.com/business/art...

The Canadian dollar is in its flop era. An illustrated look at why the loonie fell When President Trump slaps tariffs on Canadian goods, the loonie could tumble further, perhaps to the low-to-mid-60s last seen in the early 2000s

"I'm a loonie. Let me tell you about the tough few months I’ve had." Had fun making this explainer with @mingwong.bsky.social and @apricotjoy.bsky.social
www.theglobeandmail.com/business/art...

Do trade deficits matter? How economists think about Trump’s obsession The U.S. president sees international trade as a zero-sum game. The truth is more complicated, according to economists

Do trade deficits matter? How economists think about Trump’s obsession #cdnecon #cdnpoli #tariffs
www.theglobeandmail.com/business/eco...

How Trump is waging war through tariffs Podcast Episode · The Decibel · 2025-02-14 · 25m

I’m on The Decibel this morning talking tariffs, trade deficits and why Trump’s trade wars likely won’t get him what he wants #cdnecon #cdnpoli #tariffs
podcasts.apple.com/ca/podcast/t...

Trump’s 2018 steel tariffs brought higher prices, did little to boost jobs The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen

While the 2018 tariffs didn’t do much to significantly boost jobs, they did boost prices. #cdnecon w/ @jasonkirby.bsky.social
www.theglobeandmail.com/business/eco...

Trump imposes 25% tariffs on steel and aluminum imports from all countries, including Canada Canada is the top supplier of both steel and aluminum to the United States

Donald Trump announced 25 per cent tariffs on all steel and aluminum imports, including from Canada, reigniting a trade conflict that could have serious consequences for Canada’s export-oriented metal producers. #cdnpoli #cdnecon
www.theglobeandmail.com/canada/artic...

Untangling the MAGA mind on tariffs The most striking development compared with Donald Trump’s first presidency is the readiness to use tariffs as an extension of – or substitute for – diplomacy

Donald Trump genuinely seems to believe that tariffs are a multitool with which to pursue various goals at once – some of which are at odds with each other.
www.theglobeandmail.com/business/art...

Judge delays Trump’s USAID furlough, while aid organizations warn of catastrophe Aid agencies around the world depend on more than US$40-billion of annual USAID funding

“We’ve never seen anything like this. Often with different governments there’s a reduction in funding for aid programs, and then organizations sort of deal with that. But dismantling the entire department including staff and funding, it’s just catastrophic"
www.theglobeandmail.com/world/articl...

Ottawa planning pandemic-level relief for workers, businesses if Trump imposes tariffs Sources say the bulk of potential spending on new programs will require legislative approval, which could not take place until Parliament resumes in March

Canada planning pandemic-level relief for workers, businesses if Trump imposes tariffs

www.theglobeandmail.com/politics/art...

Canada preparing for impact of potential Trump tariffs - The World from PRX Canada is getting ready to be hit with new tariffs by the US following the start of President Donald Trump’s administration this week. It comes as Trump has repeatedly made calls for Canada to join th...

I was on @theworld.org yesterday talking tariffs and Canada's response. Thanks for having me on Carol Hills #cdnecon #cdnpoli
theworld.org/segments/202...

Trump reiterates tariff threats against Canada in Davos appearance In a speech, the U.S. President said Canada could become a U.S. state to avoid tariffs, and suggested that the U.S. doesn’t need Canadian oil and gas, cars or lumber

Trump used his Davos speech to spell out an economic vision that revolves around boosting investment and factory production in the United States at the expense of trading partners. #cdnecon #cdnpoli
www.theglobeandmail.com/business/art...

Trump’s fixation on trade deficits retakes centre stage in U.S. economic policy Economists think this is the result of large federal government deficits, a productive and rapidly growing economy and the U.S. dollar’s status as the world’s reserve currency

With Trump’s directive to enact an “America First Trade Policy,”mercantilism moves back to the centre of U.S. economic policy.
#cdnecon

www.theglobeandmail.com/business/eco...

Trump considering one of three tariff options against Canada, Natural Resources Minister Wilkinson says Only a small circle close to Trump knows his tariff plans, minister says after trip to Washington

Three Trump tariff options circulating in Washington that could hit Canada, minister says

www.theglobeandmail.com/politics/art...

Bank of Canada to end quantitative tightening in first half of 2025 Deputy governor Toni Gravelle gave a speech Thursday detailing the cental bank’s plan to wrap up its intervention in bond markets that began early in the COVID-19 pandemic

The Bank of Canada plans to stop shrinking the size of its balance sheet in the coming months, closing the book on its massive intervention in bond markets that began in the early months of the COVID-19 pandemic.
#cdnecon
www.theglobeandmail.com/business/art...