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Aerial drone view of petrol industrial zone or oil refinery in Yaroslavl, Russia during sunset time.

The Canadian Chamber of Commerce said a tariff could rip $30 billion out of the national economy

Businessman on slide

Policy shift to stoke inflation, hurt growth, intensify uncertainty

Falling inflation

Prices 30% higher than pre-pandemic levels, despite recent easing

Energy costs

Decline in raw materials, industrial product prices led by crude oil

Frankfurt, Germany - November 09, 2020: European Central Bank ECB, EZB headquarters at Eastend Frankfurt, Germany. The European Central Bank (ECB) is the central bank of the Eurozone. Close-up of the logo in front of the building.

With inflation dropping quickly and growth weak, monetary easing set to accelerate

Disintegrating euro

Real GDP growth expected to strengthen in year ahead as price pressures ease

Oil barrels

Easing interest rates, coupled with rising geopolitical risk, boost outlook

U.S. Canada flag

Electoral sweep would weigh on global growth, oil prices, Desjardins economists project

Oil shock, negative knock-on effects are the main risks for banks: DBRS

Inflation written newspaper

Declining energy prices drive rates down, core inflation easing too