The Financial Post reports in its Thursday, Feb. 6, edition that uncertainty about Canada's trade relationship with the U.S. is expected to impact economic decisions for months, as a review of the CUSMA trade deal looms. The Post's Jordan Gowling writes that despite a 30-day reprieve from U.S. tariffs, Bank of Nova Scotia economist Derek Holt cautions against complacency, noting President Trump's intention to explore a final economic deal with Canada during this pause. Mr. Holt said in a note to clients: "Read that carefully. I think it means onward we go into CUSMA/USMCA talks with Trump setting the same wildly unrealistic timeline he did the last time. Trump will push for a rapid deal, and when Canada digs in on important issues, he may well threaten tariffs again." Desjardins Group chief economist Jimmy Jean says it is more of a wait and see game for the Bank of Canada now, as Mr. Trump could decide to implement tariffs at the beginning of March when the pause comes to an end. The BOC's next policy decision is scheduled for March 12. Mr. Jean says: "Typically, they want to react based on evidence, what's really happening and not so much, what's speculative. My sense would be that they're going to wait."
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