Mark Carney

I look forward to speaking with President Trump, just to be clear. We respect the United States. We respect President Trump. President Trump has put some very important issues at the top of his agenda. We understand his agenda.

I look forward to speaking with President Trump, just to be clear. We respect the United States. We respect President Trump. President Trump has put some very important issues at the top of his agenda. We understand his agenda.

I look forward to speaking with President Trump, just to be clear. We respect the United States. We respect President Trump. President Trump has put some very important issues at the top of his agenda. We understand his agenda.

America is not Canada. And Canada never, ever will be part of America in any way, shape, or form. We... Look. We didn't ask for this fight. We didn't ask for this fight. But Canadians are always ready when someone else drops the gloves. So the Americans, they should make no mistake. In trade, as in hockey, Canada will win.

America is not Canada. And Canada never, ever will be part of America in any way, shape, or form. We... Look. We didn't ask for this fight. We didn't ask for this fight. But Canadians are always ready when someone else drops the gloves. So the Americans, they should make no mistake. In trade, as in hockey, Canada will win.

America is not Canada. And Canada never, ever will be part of America in any way, shape, or form. We... Look. We didn't ask for this fight. We didn't ask for this fight. But Canadians are always ready when someone else drops the gloves. So the Americans, they should make no mistake. In trade, as in hockey, Canada will win.

Here, play it. There's a lot of talk about reciprocal tariffs. That's broad-based tariffs coming into effect in a couple weeks, I think, early April. If that actually happens and those tariffs stay in place— for any length of time, a couple, three, four, five months, I think that's enough to push the economy into recession, given everything else that's going on.

Here, play it. There's a lot of talk about reciprocal tariffs. That's broad-based tariffs coming into effect in a couple weeks, I think, early April. If that actually happens and those tariffs stay in place— for any length of time, a couple, three, four, five months, I think that's enough to push the economy into recession, given everything else that's going on.

Here, play it. There's a lot of talk about reciprocal tariffs. That's broad-based tariffs coming into effect in a couple weeks, I think, early April. If that actually happens and those tariffs stay in place— for any length of time, a couple, three, four, five months, I think that's enough to push the economy into recession, given everything else that's going on.

So, you know, this would be a really weird recession, right? I mean, it's recession by design. You know, the economy came into the year rip-roaring, exceptionally strong, and we're pushing it in because of policy. It just doesn't feel like, you know, that's the direction we need to go. So I suspect the president and the administration at some point will say, okay, enough already.

So, you know, this would be a really weird recession, right? I mean, it's recession by design. You know, the economy came into the year rip-roaring, exceptionally strong, and we're pushing it in because of policy. It just doesn't feel like, you know, that's the direction we need to go. So I suspect the president and the administration at some point will say, okay, enough already.

So, you know, this would be a really weird recession, right? I mean, it's recession by design. You know, the economy came into the year rip-roaring, exceptionally strong, and we're pushing it in because of policy. It just doesn't feel like, you know, that's the direction we need to go. So I suspect the president and the administration at some point will say, okay, enough already.

I don't see that with confidence.

I don't see that with confidence.

I don't see that with confidence.

Economic activity continued to expand at a solid pace in the fourth quarter of last year, with GDP rising at 2.3%. Recent indications, however, point to a moderation in consumer spending following the rapid growth seen over the second half of 2024. Surveys of households and businesses point to heightened uncertainty about the economic outlook.

Economic activity continued to expand at a solid pace in the fourth quarter of last year, with GDP rising at 2.3%. Recent indications, however, point to a moderation in consumer spending following the rapid growth seen over the second half of 2024. Surveys of households and businesses point to heightened uncertainty about the economic outlook.

Economic activity continued to expand at a solid pace in the fourth quarter of last year, with GDP rising at 2.3%. Recent indications, however, point to a moderation in consumer spending following the rapid growth seen over the second half of 2024. Surveys of households and businesses point to heightened uncertainty about the economic outlook.

It remains to be seen how these developments might affect future spending and investment.

It remains to be seen how these developments might affect future spending and investment.