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Mark Rendell

@markrendell.bsky.social

1.6K followers 580 following 31 posts

Economics reporter with The Globe and Mail. Based in Toronto. [email protected]

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Mark Rendell @markrendell.bsky.social · 3d

Trump's America First economic vision is pushing Canada to follow suit, reviving a kind of economic nationalism not seen since the 1980s. I unpack the risks, trade-offs and opportunities of #Carney's new 'comprehensive industrial strategy' #cdnpoli #cdnecon
www.theglobeandmail.com/business/eco...

Pushed by Trump, Canada enters a new era of economic nationalism

The U.S. President’s ‘America First’ economic vision is pushing Ottawa to reach for a Canada First toolkit – one that would have been inconceivable a year ago

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · 21d

USTR posted a notice online Tuesday formally kicking off the review of the continental trade pact, the USMCA. What happens next? What's at stake? What does each side want? Check out my guide to the renewal talks theglobeandmail.com/business/eco... #CdnPoli #CdnEcon #Trump #USMCA

The fight to preserve North American trade is just beginning: A guide to the USMCA renewal talks

After an onslaught of tariffs levied by the Trump administration, Canada is gearing up for renegotiations

theglobeandmail.com

Mark Rendell @markrendell.bsky.social · May 21

Macklem, Mounties and Mountains, the Canadian bingo card. #G7 #Cdnpoli #cdnecon

Mark Rendell @markrendell.bsky.social · May 15

Over the past week, Donald Trump has stepped back from the brink in his trade war with China and announced a deal with the U.K. What does it mean for global trade? And how does it impact Canada? I'm on the Decibel today breaking it down. #cdnecon #cdnpli www.theglobeandmail.com/podcasts/the...

What Trump’s trade deals could mean for Canada

Why we all need to get used to a baseline 10-per-cent tariff from the U.S.

www.theglobeandmail.com

Reposted by Mark Rendell

Matt Lundy @mattlundy.bsky.social · Apr 3

Confused about tariffs? We all are.

Here's a gift link to an explainer from @markrendell.bsky.social. We update this piece any time tariff rules change (so, frequently).

Tariff cheat sheet: What’s in effect, what’s on pause and what’s been threatened?

U.S. President Donald Trump has imposed, paused and threatened more tariffs to come. Here’s what you need to know

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Apr 3

Are you trying to make sense of Trump's "Liberation Day," the global trade war he launched on April 2, and how Canada and Mexico got off relatively lightly? I'm on the Decibel talking tariffs. Check it out. #cdnecon #econ #cdnpoli
www.theglobeandmail.com/podcasts/the...

Making sense of Trump’s ‘Liberation Day’ tariffs

New reciprocal tariffs threatens global systems of trade

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Apr 2

The federal election will be fought along economic lines, but the ground has shifted. Here are the key economic issues that will define the race throughout this month. w/ @mattlundy.bsky.social #cdnecon #cdnpoli #econ
www.theglobeandmail.com/business/art...

Ten economic issues that will define the 2025 election, explained in charts

Pocketbook issues were set to dominate the conversation in this election cycle. Then along came a trade war

www.theglobeandmail.com

Reposted by Mark Rendell

Matt Lundy @mattlundy.bsky.social · Mar 28

New vehicle prices are set to jump by thousands of dollars because of incoming tariffs.

“Not a lot of households are going to be able to finance new vehicles at current interest rates and these elevated price points potentially.” (via @markrendell.bsky.social)

Americans set for inflation jolt as car prices get hit by Trump tariffs

Analysts think the price tag on a new vehicle could jump by several thousand dollars depending on the model

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Mar 20

Central banking in a trade war. Macklem:"It’s very hard for any of us on Governing Council to have high conviction about the most likely outcome...We need to set policy that minimizes the risk. That means being less forward-looking... and it may mean acting quickly when things crystallize." #cdnecon

Bank of Canada unveils new playbook as Trump’s tariff threats create mayhem

The central bank will focus on minimizing risks when setting interest rates, said Governor Tiff Macklem

www.theglobeandmail.com

Reposted by Mark Rendell

tejparikh.ft.com @tejparikh.ft.com · Mar 16

Check out the latest edition of my @financialtimes.com newsletter. (1/2)

How to turn Canada into an economic superpower:
on.ft.com/4hD9tbe

Reposted by Mark Rendell

Matt Lundy @mattlundy.bsky.social · Mar 15

Our interview with Tiff Macklem: “I will admit I find myself checking the news cycle more frequently than usual.” (via @markrendell.bsky.social)

Tiff Macklem on what the Bank of Canada can and can’t do as Trump remakes the economic order

If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Mar 15

Tiff Macklem is checking headlines and weighing the risks of recession against inflation, as Trump hits Canada with a barrage of tariff threats. How do you run a central bank in a trade war? I spoke with the @bankofcanada.bsky.social governor this week to find out.
#cdnecon #econ #cdnpoli #trump

Tiff Macklem on what the Bank of Canada can and can’t do as Trump remakes the economic order

If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely

www.theglobeandmail.com

Reposted by Mark Rendell

Bank of Canada @bankofcanada.ca · Mar 13

Governor Tiff Macklem gave an interview to @markrendell.bsky.social of @theglobeandmail.com.

bit.ly/3FlR59p

#cdnecon #economy

Bank of Canada Media Interview – The Globe and Mail

Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.

Mark Rendell @markrendell.bsky.social · Mar 12

While the 2018 tariffs steel and aluminum tariffs didn’t do much to boost jobs, they did boost prices. Reposting ahead of tomorrow's tariffs. w/ @jasonkirby.bsky.social #cdnecon #cdnpoli #econ

www.theglobeandmail.com/business/eco...

Trump’s 2018 steel tariffs brought higher prices, did little to boost jobs

The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Mar 10

With Donald Trump shaking the foundations of the integrated North American economy, the Bank of Canada is widely expected to cut interest rates for a seventh consecutive time on Wednesday. #cdnecon #cdnpoli www.theglobeandmail.com/business/art...

Bank of Canada expected to cut interest rate again as trade war with U.S. disrupts economy

Traders and analysts expect the BoC to focus more on recession risk than rising imported goods prices as Ottawa retaliates with tariffs and the Canadian dollar depreciates

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Mar 7

Confused about Donald Trump's latest tariff flip-flop? I wrote an explainer on the USMCA and what's eligible (or not) for the one-month tariff reprieve. #cdnecon #cdnpoli
www.theglobeandmail.com/business/art...

What gets a reprieve from Trump’s tariffs? Understanding the USMCA

Donald Trump has put a month-long pause on imports that are compliant with free-trade agreement. But many Canadian goods will still be subject to tariffs

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Mar 3

"I'm a loonie. Let me tell you about the tough few months I’ve had." Had fun making this explainer with @mingwong.bsky.social and @apricotjoy.bsky.social
www.theglobeandmail.com/business/art...

The Canadian dollar is in its flop era. An illustrated look at why the loonie fell

When President Trump slaps tariffs on Canadian goods, the loonie could tumble further, perhaps to the low-to-mid-60s last seen in the early 2000s

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Feb 14

Do trade deficits matter? How economists think about Trump’s obsession #cdnecon #cdnpoli #tariffs
www.theglobeandmail.com/business/eco...

Do trade deficits matter? How economists think about Trump’s obsession

The U.S. president sees international trade as a zero-sum game. The truth is more complicated, according to economists

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Feb 14

I’m on The Decibel this morning talking tariffs, trade deficits and why Trump’s trade wars likely won’t get him what he wants #cdnecon #cdnpoli #tariffs
podcasts.apple.com/ca/podcast/t...

How Trump is waging war through tariffs

Podcast Episode · The Decibel · 2025-02-14 · 25m

podcasts.apple.com

Mark Rendell @markrendell.bsky.social · Feb 13

While the 2018 tariffs didn’t do much to significantly boost jobs, they did boost prices. #cdnecon w/ @jasonkirby.bsky.social
www.theglobeandmail.com/business/eco...

Trump’s 2018 steel tariffs brought higher prices, did little to boost jobs

The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Feb 10

Donald Trump announced 25 per cent tariffs on all steel and aluminum imports, including from Canada, reigniting a trade conflict that could have serious consequences for Canada’s export-oriented metal producers. #cdnpoli #cdnecon
www.theglobeandmail.com/canada/artic...

Trump imposes 25% tariffs on steel and aluminum imports from all countries, including Canada

Canada is the top supplier of both steel and aluminum to the United States

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Feb 10

Donald Trump genuinely seems to believe that tariffs are a multitool with which to pursue various goals at once – some of which are at odds with each other.
www.theglobeandmail.com/business/art...

Untangling the MAGA mind on tariffs

The most striking development compared with Donald Trump’s first presidency is the readiness to use tariffs as an extension of – or substitute for – diplomacy

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Feb 8

“We’ve never seen anything like this. Often with different governments there’s a reduction in funding for aid programs, and then organizations sort of deal with that. But dismantling the entire department including staff and funding, it’s just catastrophic"
www.theglobeandmail.com/world/articl...

Judge delays Trump’s USAID furlough, while aid organizations warn of catastrophe

Aid agencies around the world depend on more than US$40-billion of annual USAID funding

www.theglobeandmail.com

Reposted by Mark Rendell

Steven Chase @stevenchase.bsky.social · Jan 28

Canada planning pandemic-level relief for workers, businesses if Trump imposes tariffs

www.theglobeandmail.com/politics/art...

Ottawa planning pandemic-level relief for workers, businesses if Trump imposes tariffs

Sources say the bulk of potential spending on new programs will require legislative approval, which could not take place until Parliament resumes in March

www.theglobeandmail.com

Mark Rendell @markrendell.bsky.social · Jan 25

I was on @theworld.org yesterday talking tariffs and Canada's response. Thanks for having me on Carol Hills #cdnecon #cdnpoli
theworld.org/segments/202...

Canada preparing for impact of potential Trump tariffs - The World from PRX

Canada is getting ready to be hit with new tariffs by the US following the start of President Donald Trump’s administration this week. It comes as Trump has repeatedly made calls for Canada to join th...