Trade Tension and Tariffs: Are We Headed Towards Stagflation?

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the current market volatility driven by trade tensions, tariffs, and changing economic regimes. Dustin examines the Bank of Canada's decision to hold interest rates at 2.75% and how the upcoming Canadian election may influence fiscal policies and potential rate cuts in the future. He also examines recent changes in US trade policy surrounding tariffs, the escalating tensions between the US and China, and potential for stagflation. Additionally, Dustin shares recent updates to the team’s fixed income positioning. 

 

This episode was recorded on April 16, 2025.