On Challenges Facing Europe & Canada

The Eurozone is grappling with stagflation, and the ECB is determined to subdue inflation with rate hikes, which it failed to do aggressively enough in 2022. But the stakes are higher today, the decision complicated by trade/geopolitical pressures and uncertainties, and tightening more than the struggling economy can take is a risk. William discusses the challenge facing the ECB and the potential fallout from rate hikes. … Also: Canada is determined to wean itself off exports to the US, but that’s easier said than done. The vast US market absorbs the majority of Canada’s exports, and the resilient American consumer has been lifting Canada out of an economic morass.