MNI BRIEF: Global Economy Already Hurting From Tariffs- Carney

Prime Minister Mark Carney said Friday the global and Canadian economies are already showing weakness in response to this week's U.S. tariff announcements, noting the week before a central-bank rate decision that his country's job market is facing particular strain. 

Tariff developments have already brought “initial signs of slowing in the global economy,” the former BOC and BOE Governor told reporters after a cabinet meeting to discuss trade. There are also “impacts that we are starting to see, unfortunately, in the Canadian economy, particularly in the labor market.” (See: MNI INTERVIEW:Tariffs Freeze Fed, Court Global Recession-Fatas)