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January 9th, 2025 | In an article from the Financial Post, Christopher Ragan shared his insights on Canada’s economic challenges at an online discussion hosted by the Global Risk Institute. He explained that while the Bank of Canada might cut interest rates to try and stimulate the economy, it may not have much effect, especially if U.S. President Donald Trump’s proposed tariffs are imposed. Ragan pointed out that lowering rates might not encourage investment if tariffs disrupt trade. He also highlighted that Canada faces long-term fiscal pressures, including an aging population and rising defense spending. These issues could push up costs and potentially result in higher interest rates in the future. Ragan emphasized that while the Bank of Canada may have some room to adjust rates in the short term, long-term challenges could lead to a rise in rates.