Posthaste: This fiscal edge has helped Canada become the ‘cleanest dirty shirt’ in the G7

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The outcome for review of the Canada United States Mexico Agreement set for July 1 remains highly uncertain, with Desjardins expecting that the tariff regime probably won’t get much better and could get worse.

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Bond yields are also climbing as the Iran war fuels inflation expectations and higher interest rates would further erode federal fortunes, they said.

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“Keeping some fiscal powder dry for any future need would be wise.”

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Spring is traditionally the busiest time for real estate and this year, the stakes couldn’t be higher. Follow our Spring Real Estate Survival Guide series as we unpack some of the most pressing questions buyers and sellers are grappling with, plus expert advice on how to navigate the reality of a slower market. Read the series here

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It could have been worse.

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That’s the reaction of many to Canada’s inflation numbers out Monday. A shock was expected, considering where the Iran war has been taking gas prices lately. Inflation did jump more than half a percentage point to 2.4 per cent in March, but fell short of the 2.6 per cent hike economists had been expecting. That’s despite gas prices surging 21 per cent in the month, the biggest increase on record.

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Core measures important to the Bank of Canada, which decides on rates next week, were subdued, with one holding steady and the other easing slightly.

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“Our considered view is that if it were not for the conflict with Iran, the discussion would currently be revolving around the strong possibility of BoC rate cuts, not hikes,” said Douglas Porter, chief economist at BMO Capital Markets.

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Create your own pension paycheque with some tips from Ted Rechtshaffen. The chief executive at TriDelta Private Wealth talks to FP Video about creating a tax-efficient financial plan for retirement. Watch it now

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Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on  one of the country’s most important sectors.

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McLister on mortgages

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Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.

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Financial Post on YouTube

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Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.

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Today’s Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.

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