Canada: Trade shock and GDP drag – TD Securities

TD Securities’ Robert Both analyzes the impact of new Section 338 US tariffs and Canada’s retaliation on the Canadian economy. The report estimates the combined measures will trim about 0.3 percentage points from GDP by 2027, with growth effects concentrated in late 2026.
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United States EIA Gasoline Stocks Change fell from previous 0.688M to -2.536M in August 21

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