Central banks in the euro area and Switzerland cut rates on Thursday, a day after Canada slashed rates by a hefty 50 bps. Australia, meanwhile, eased its previously dovish tone this week, while Japan remains an outlier.

The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian products

The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though Governor Tiff Macklem indicated that further cuts would be more gradual and said he does not expect a recession.

Canada’s most populous province has no plans to go gentle into that good night if Donald Trump follows through on his threat to impose massive tariffs on Canadian goods. Ontario Premier Doug Ford said his province was putting together a list of retaliatory measures and would go so far as to cut off energy exports to the U.

At a meeting with the prime minister and other premiers, Ontario's Doug Ford said Canada needs to be ‘ready to fight’ if Donald Trump follows through on his 25 per cent tariff threats. Ford even threatened to stop Ontario's energy exports to the U.

The leader of Canada 's biggest province said Wednesday he will cut off energy to the United States if Donald Trump imposes sweeping tariffs on all of the country's products.