Watch BNN Bloomberg live. Economists at TD Bank say the Bank of Canada is unlikely to stop its rate cutting cycle amid escalating trade risks that could weigh on economic growth. On Wednesday, TD Economics published a report updating its economic and financial outlook as the Bank of Canada looks to respond to various policy shifts from the incoming Donald Trump administration. Trade tensions have increased after U.S. President-elect Trump pledged new tariffs on Monday. He said on his Truth Social media platform that he would introduce 25 per cent tariffs on all products from Canada and Mexico as well as an additional 10 per cent on all goods from China. ADVERTISEMENT Tracking pixel