‘A whole pile of uncertainties:’ Trade, politics expected to hang like a dark cloud over the economy [Financial Post (Toronto, Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Financial Post
'A whole pile of uncertainties:' Trade, politics expected to hang like a dark cloud over the economy With trade talks heading back to the back-burner for a while, chatter about economic growth and interest rates is heating up again OTTAWA — With trade talks heading back to the back-burner for a while, chatter about economic growth and interest rates is heating up again. But uncertainty over NAFTA, Brexit, TPP and the leadership of the United States is expected to hang like a dark cloud over business investment in the short term, as the Bank of Canada noted in its latest Monetary Policy report. “We have this problem, which is that we (Canada) have a whole pile of uncertainties — much more than we do in the United States,” Frances Donald, senior economist at Manulife Asset Management, said in a television interview. “We still don’t know what those (two) rate hikes we received in 2017, and now one in 2018, will do.” Further muddying the picture is concern over rising minimum wages
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