Group 1 - The U.S. Department of Commerce announced the inclusion of 407 product categories in the tariff list for steel and aluminum derivatives, imposing a 50% tariff on the steel and aluminum components of these products [1] - The newly added list covers a wide range of products, including wind turbines and their components, mobile cranes, railway vehicles, furniture, compressors, and pump equipment [1] - Experts indicate that this move by the U.S. government will increase inflationary cost pressures on domestic manufacturers [1]

Core Viewpoint - The Governor of the Bank of Canada, Macklem, indicated that if the impact and uncertainty of U.S. tariff measures continue to spread in the economy, and if cost pressures on inflation are controlled, a rate cut may be necessary [1] Group 1 - The potential need for interest rate cuts is linked to the ongoing effects of U.S. tariffs on the Canadian economy [1] - The statement highlights the importance of managing inflationary cost pressures in the context of economic uncertainty [1] - The Bank of Canada is closely monitoring external economic factors that could influence domestic monetary policy decisions [1]