A global trade conflict reduces Canadian GDP growth https://www.bankofcanada.ca/?p=243335 Benchmark calibration Larger decline in US demand for Canadian exports Lower tariff pass-through to consumer prices Faster tariff pass-through to consumer prices -2.40-3.00-2.20-2.40 -1.50-1.10-1.20-1.40 0.00-0.100.100.30