Bank of Canada ignores trade uncertainty, ups interest rates in response to growth

July 12, 2018
Category: Today's Takeaway

Noting the strength of Canada’s economy, the Bank of Canada raised the benchmark interest rate to its highest level in nine years, despite Trump’s trade hit being larger than forecast and Trump’s plan to impose more tariffs on China. In other headlines:

  • Ontario has imposed penalties in the fraud case involving Sino-Forest Corp.
  • CN Rail plans to spend in Ontario to meet the demand to move wood products
  • Window, door, homebuilder and lumber dealers urge more talks in softwood dispute
  • The perfect storm of tariff and labor woes may hit Arizona’s booming housing market

In Forestry and Climate news: US incentives encourage home building in harm’s way; Vermont’s red spruce is rebounding from acid rain; Canada’s changing climate is getting hard to ignore; and California meets its greenhouse gas reduction targets ahead of schedule.

Finally, the western toadlet migration is underway in BC. The distance—a two-minute walk for humans—is fraught with dangers.

–Kelly McCloskey, tree Frog Editor

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