Quote:
Originally Posted by Sylvanfan
I've seen some reports that the policy rate could come under 2% depending how extreme this trade war gets. That said there will be ramifications on the other side of this as a result of needing to cut to this level without wanting to. I think it's going to be pretty turbulent for some time.
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It sounds like Trump has an obsession with getting the value of the US dollar down to make American goods more competitive with Chinese goods. Not having the value of the Canadian dollar fall too far below the American dollar was a major obstacle stopping further rate cuts, which is likely to evaporate now.