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flag Despite U.S. tariffs, Canada's economy remains stable, with support for affected sectors.

Canada's economy is showing resilience against U.S. tariffs, according to Bank of Canada Governor Tiff Macklem. Despite the tariffs, the economy has remained stable, with services sectors holding up well, though manufacturing and transportation have faced challenges. The government has introduced programs to support affected workers and boost defence and infrastructure spending. The Bank of Canada has kept its interest rate unchanged at 2.75%, indicating confidence in the economy's ability to grow, albeit at a slightly slower pace.

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