Concerns about weak business investment, firms 7  See K. Charbonneau and A. Landry, “Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios,” Bank of Canada Staff Analytical Note No. 2018-29 (September 2018). 8  This estimate includes the impact of tariffs previously imposed by the United States on Canadian softwood lumber and newsprint as well as the new tariffs on steel and aluminum.
The two institutions have undertaken the studies in collaboration with Partner States Central Banks, and we are really grateful for this technical support. BIS central bankers’ speeches  1  Since the inception reports, the final report of the two studies we are reviewing today is a culmination of a lot of work at the technical level.