Think tanks say Canada megaprojects need regulatory certainty and 350,000 skilled trades workers to convert $1 trillion in pledged capital into construction.
Canada tariffs on construction materials now cover $27.6 billion in U.S. imports, with many steel and aluminum products moving from 25% to 50%.
The Bank of Canada policy rate stays at 2.25% for a seventh consecutive decision as new US tariffs, elevated oil prices and roughly 3% headline inflation complicate a recovery the Bank calls broadening but not settled.
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