Former BoC governor puts one in three recession odds on Canada [Wealth Professional (Canada)]
Financial Institutions, Inc. (FISI)
Last financial institutions, inc. earnings: 4/30 04:05 pm
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Source: Wealth Professional
War-driven oil shock has pushed a former Bank of Canada governor to put the odds of a Canadian recession at about one in three. Stephen Poloz says Canada faces “about a 30 percent chance” of falling into recession as the war in the Middle East disrupts energy markets and compounds existing headwinds, according to BNN Bloomberg He said growth in Canada is only about one percent and the economy is still “digesting” US President Donald Trump's tariff regime. Poloz told CTV Question Period that “it's not about somehow avoiding all that. Then on top of that, we've got this oil shock.” As reported by the same outlet, he suggested a change to the tax structure on gasoline as “a mitigant, a short-term kind of offset,” but argued that “for the Trump tariffs , what we need is to find replacements, as opposed to offsets.” He pointed to expanding the conventional energy sector and boosting the homegrown defence industry as possible responses. Poloz said the ongoing war in the Middle
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FISI
Earnings
- 1/29/26 - Beat
FISI
Sec Filings
- 4/6/26 - Form DEF
- 4/6/26 - Form DEFA14A
- 4/6/26 - Form ARS
- FISI's page on the SEC website