President Trump’s 25% tariffs on imports from Canada and Mexico, and 10% on Canadian energy, will raise core consumer prices in the U.S. by 0.6%, Goldman Sachs economists predicted. “We would not rule out a last-minute pause in the tariff,

Last week featured two big events that promoted economists to lower forecasts for U.S. economic growth while raising them for Europe. One was the last-minute reprieve for Canada and Mexico on tariffs,

Goldman Sachs CEO David Solomon called President Trump’s tariffs on Canada and Mexico an effort to “level the playing field” – but said the trade policy has caused heightened caution among his fellow business leaders.

Jacob Rees-Mogg, the Conservative MP, labelled Mr Carney the “high priest of project fear”. He survived the outcry and left the bank in 2020, laying the groundwork to assume leadership of Canada’s beleaguered Liberals, despite never having sat as an MP in the House of Commons.

Canada’s next prime minister met with outgoing prime minister Justin Trudeau on Monday and vowed a quick transition. Mark Carney said