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Stellantis May Abandon Brampton for Good: What It Means for Ontario Jobs

  Published August 18, 2026 With less than 24 hours left before Washington's 50% tariff deadline hits at 12:01 a.m. Wednesday, the headlines are all about cement, wine, and dairy. But the real fight holding up a deal is happening in the auto sector — and this week it collided with a story much closer to home: Stellantis is weighing whether to walk away from its Brampton, Ont. assembly plant for good. Put those two stories together and you get a clearer picture of what's actually at stake for Ontario workers, renters, and taxpayers than any tariff-deadline countdown can show on its own. The Trade Deal Is Stuck on Auto Rules, Not Wine or Cement Canadian and U.S. negotiators have been in Washington for a week trying to head off Trump's Section 338 tariffs — a rarely used trade law that, unlike earlier rounds, doesn't recognize USMCA certificates of origin for the goods it covers. Autos, alcohol, and dairy are all on the list, but autos are the sticking point. Canada is pu...
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Bank of Canada Poised for Another Rate Cut Amid Trump's Tariff Threats

 

The Bank of Canada is expected to announce its sixth consecutive rate cut this week, as economic pressures mount from both domestic and international fronts. Economists predict a modest quarter-point reduction, bringing the key policy rate down to 3%, following recent inflation and jobs data.

Canada's annual inflation rate fell to 1.8% in December, largely due to a temporary GST tax break introduced by the federal government. This has provided the central bank with some leeway to lower rates further. However, the looming threat of a 25% tariff on Canadian goods by U.S. President Donald Trump has added a layer of uncertainty.

Trump's tariff threats, which could take effect as soon as February 1, have raised concerns about a potential recession in Canada. The Bank of Canada is keenly aware of these risks and may feel a sense of urgency to act preemptively. Despite the recent deceleration in inflation, the possibility of a trade war with the U.S. could prompt the central bank to continue its rate-cutting spree.

The Bank of Canada's decision will be closely watched, as it navigates the delicate balance between stimulating economic growth and managing inflationary pressures. With the Canadian economy facing significant uncertainty, the central bank's actions in the coming weeks will be critical in shaping the country's economic trajectory.

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