Bank of Canada rate decision uncertain as Trump tariffs take toll

The trade war is not shown in hard data, but it seems to be making a number on soft data. Jocelyn Paquet, an economist at National Bank of Canada, said the University of Michigan’s consumer sentiment index began at its second low since 1978 when the data began in 1978, with the percentage of respondents expected to climb in the next 12 months reaching its highest since the massive recession of 2008-09.