Sign in

Mark Rendell

@markrendell.bsky.social
1.8K followers 584 following 31 posts

Economics reporter with The Globe and Mail. Based in Toronto. mrendell@globeandmail.com

PostsRepliesMedia
Mark Rendell @markrendell.bsky.social · 05/10/2025
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...
theglobeandmail.com
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
1104
Mark Rendell @markrendell.bsky.social · 17/09/2025
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
theglobeandmail.com
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
031
Mark Rendell @markrendell.bsky.social · 21/05/2025
Macklem, Mounties and Mountains, the Canadian bingo card. #G7 #Cdnpoli #cdnecon
041
Mark Rendell @markrendell.bsky.social · 15/05/2025
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...
theglobeandmail.com
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.
020
Reposted by Mark Rendell
Matt Lundy @mattlundy.bsky.social · 03/04/2025
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).
theglobeandmail.com
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
0118
Mark Rendell @markrendell.bsky.social · 03/04/2025
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...
theglobeandmail.com
Making sense of Trump’s ‘Liberation Day’ tariffs
New reciprocal tariffs threatens global systems of trade
010
Mark Rendell @markrendell.bsky.social · 02/04/2025
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...
theglobeandmail.com
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
010
Reposted by Mark Rendell
Matt Lundy @mattlundy.bsky.social · 28/03/2025
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)
theglobeandmail.com
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
133
Mark Rendell @markrendell.bsky.social · 20/03/2025
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
theglobeandmail.com
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
020
Reposted by Mark Rendell
tejparikh.ft.com @tejparikh.ft.com · 16/03/2025
Check out the latest edition of my @financialtimes.com newsletter. (1/2) How to turn Canada into an economic superpower: on.ft.com/4hD9tbe
1710838
Reposted by Mark Rendell
Matt Lundy @mattlundy.bsky.social · 15/03/2025
Our interview with Tiff Macklem: “I will admit I find myself checking the news cycle more frequently than usual.” (via @markrendell.bsky.social)
theglobeandmail.com
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
042
Mark Rendell @markrendell.bsky.social · 15/03/2025
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
theglobeandmail.com
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
262
Reposted by Mark Rendell
Bank of Canada @bankofcanada.ca · 13/03/2025
Governor Tiff Macklem gave an interview to @markrendell.bsky.social of @theglobeandmail.com. bit.ly/3FlR59p #cdnecon #economy
bit.ly
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.
031
Mark Rendell @markrendell.bsky.social · 12/03/2025
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...
theglobeandmail.com
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
021
Mark Rendell @markrendell.bsky.social · 10/03/2025
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...
theglobeandmail.com
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
030
Mark Rendell @markrendell.bsky.social · 07/03/2025
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...
theglobeandmail.com
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
072
Mark Rendell @markrendell.bsky.social · 03/03/2025
"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...
theglobeandmail.com
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
046
Mark Rendell @markrendell.bsky.social · 14/02/2025
Do trade deficits matter? How economists think about Trump’s obsession #cdnecon #cdnpoli #tariffs www.theglobeandmail.com/business/eco...
theglobeandmail.com
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
131
Mark Rendell @markrendell.bsky.social · 14/02/2025
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...
podcasts.apple.com
How Trump is waging war through tariffs
Podcast Episode · The Decibel · 2025-02-14 · 25m
021
Mark Rendell @markrendell.bsky.social · 13/02/2025
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...
theglobeandmail.com
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
011
Mark Rendell @markrendell.bsky.social · 10/02/2025
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...
theglobeandmail.com
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
010
Mark Rendell @markrendell.bsky.social · 10/02/2025
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...
theglobeandmail.com
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
021
Mark Rendell @markrendell.bsky.social · 08/02/2025
“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...
theglobeandmail.com
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
000
Reposted by Mark Rendell
Steven Chase @stevenchase.bsky.social · 28/01/2025
Canada planning pandemic-level relief for workers, businesses if Trump imposes tariffs www.theglobeandmail.com/politics/art...
theglobeandmail.com
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
48724
Mark Rendell @markrendell.bsky.social · 25/01/2025
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...
theworld.org
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...
110
Mark Rendell @markrendell.bsky.social · 23/01/2025
Trump used his Davos speech to spell out an economic vision that revolves around boosting investment and factory production in the United States at the expense of trading partners. #cdnecon #cdnpoli www.theglobeandmail.com/business/art...
theglobeandmail.com
Trump reiterates tariff threats against Canada in Davos appearance
In a speech, the U.S. President said Canada could become a U.S. state to avoid tariffs, and suggested that the U.S. doesn’t need Canadian oil and gas, cars or lumber
011
Mark Rendell @markrendell.bsky.social · 22/01/2025
With Trump’s directive to enact an “America First Trade Policy,”mercantilism moves back to the centre of U.S. economic policy. #cdnecon www.theglobeandmail.com/business/eco...
theglobeandmail.com
Trump’s fixation on trade deficits retakes centre stage in U.S. economic policy
Economists think this is the result of large federal government deficits, a productive and rapidly growing economy and the U.S. dollar’s status as the world’s reserve currency
020
Reposted by Mark Rendell
Steven Chase @stevenchase.bsky.social · 16/01/2025
Three Trump tariff options circulating in Washington that could hit Canada, minister says www.theglobeandmail.com/politics/art...
theglobeandmail.com
Trump considering one of three tariff options against Canada, Natural Resources Minister Wilkinson says
Only a small circle close to Trump knows his tariff plans, minister says after trip to Washington
043
Reposted by Mark Rendell
The Globe and Mail @theglobeandmail.com · 16/01/2025
theglobeandmail.com
Bank of Canada to end quantitative tightening in first half of 2025
Deputy governor Toni Gravelle gave a speech Thursday detailing the cental bank’s plan to wrap up its intervention in bond markets that began early in the COVID-19 pandemic
0143
Mark Rendell @markrendell.bsky.social · 16/01/2025
The Bank of Canada plans to stop shrinking the size of its balance sheet in the coming months, closing the book on its massive intervention in bond markets that began in the early months of the COVID-19 pandemic. #cdnecon www.theglobeandmail.com/business/art...
theglobeandmail.com
Bank of Canada to end quantitative tightening in first half of 2025
Deputy governor Toni Gravelle gave a speech Thursday detailing the cental bank’s plan to wrap up its intervention in bond markets that began early in the COVID-19 pandemic
011
Mark Rendell @markrendell.bsky.social · 12/01/2025
Canada isn't ruling out restricting energy exports as a possible countermeasure to Trump’s tariff threats, says foreign affairs minister Mélanie Joly. Alberta premier Danielle Smith rejected the idea outright. #cdnpoli #cdnecon www.theglobeandmail.com/canada/artic...
theglobeandmail.com
Energy export restrictions ‘on the table’ to respond to U.S. tariff threats, Joly says
The possibility of restricting energy exports was quickly opposed by Alberta Premier Danielle Smith
4178
Mark Rendell @markrendell.bsky.social · 20/12/2024
“If the Canadian dollar recovers, it’s going to be more likely because the U.S. dollar weakens for some reason. Now that could be that Trump wakes up one morning and decides he doesn’t want a stronger dollar” #cdnecon #cdnpoli www.theglobeandmail.com/business/art...
theglobeandmail.com
Analysts see loonie weakness continuing, as currency hit from multiple angles
This is only the third time in the past two decades the loonie has traded below the 70-cent mark with the U.S. dollar
020
Mark Rendell @markrendell.bsky.social · 17/12/2024
As Freeland calls for fiscal prudence, critics point to sizable deficits on her watch #cdnecon #cdnpoli www.theglobeandmail.com/business/art...
theglobeandmail.com
As Freeland calls for fiscal prudence, critics point to sizable deficits on her watch
Chrystia Freeland’s professed adherence to fiscal discipline clashes starkly with her record of high levels of spending as federal deficit hits $61.9-billion
221
Mark Rendell @markrendell.bsky.social · 14/12/2024
“I wish we were not potentially facing a more shock-prone world. But hope is not a strategy. We need to make sure we’re prepared for the future.” I spoke with BoC Governor Tiff Macklem about the next phase of monetary policy, tariffs and economic uncertainty. www.theglobeandmail.com/business/eco...
theglobeandmail.com
‘We need a richer playbook’: Tiff Macklem on kicking inflation, tariffs and uncertainty ahead
The Globe sat down with Mr. Macklem to talk about the next phase of monetary policy, Donald Trump’s tariff threats and how the central bank is navigating an increasingly uncertain world
035
Mark Rendell @markrendell.bsky.social · 11/12/2024
The Bank of Canada cut interest rates by half a percentage point on Wednesday and signalled that it's moving into a "more gradual" phase of the easing cycle amid rising economic uncertainty. #cdnecon #cdnpoli www.theglobeandmail.com/business/art...
theglobeandmail.com
Bank of Canada cuts rate by half-point, signals ‘more gradual’ approach to further easing
As widely expected, the central bank lowered its key rate to 3.25% in fifth consecutive cut since June
051
Mark Rendell @markrendell.bsky.social · 10/12/2024
Trudeau promises to retaliate to any U.S. tariffs. “We were able to punch back in a way that was actually felt by Americans," he said of Ottawa's 2018 response to Trump's tariffs on Canadian steel and aluminum. #cdnpoli #cdnecon www.theglobeandmail.com/business/art...
theglobeandmail.com
Trudeau says Canada will respond to any new U.S. tariffs, citing past retaliation
The Prime Minister said Monday that retaliatory measures were crucial to getting the Americans to back down during earlier trade spats
003
Mark Rendell @markrendell.bsky.social · 06/12/2024
Canadian exporters look to hedge Trump trade risk, front-run tariffs #cdnecon
theglobeandmail.com
Canadian exporters look to hedge Trump trade risk, front-run tariffs
Financial markets are largely discounting the possibility that U.S. president-elect Donald Trump will follow through on his threat, but exporters don’t have the luxury of waiting around to find out
011
Reposted by Mark Rendell
Matt Lundy @mattlundy.bsky.social · 29/11/2024
The Mexico-China trade relationship is a lot more complicated than our politicians would have us believe. From @markrendell.bsky.social, the definitive piece. www.theglobeandmail.com/business/art...
theglobeandmail.com
Mexico’s business ties with China more complex and intractable than bluster suggests
Canadian attempts to cozy up to Donald Trump using the China-Mexico relationship have highlighted issues that will dominate the economic policy agenda of the U.S., Canada and Mexico
041
Mark Rendell @markrendell.bsky.social · 29/11/2024
“Welcome to a much more complicated picture than simply blaming Mexico" #cdnpoli #cdnecon www.theglobeandmail.com/business/art...
theglobeandmail.com
Mexico’s business ties with China more complex and intractable than bluster suggests
Canadian attempts to cozy up to Donald Trump using the China-Mexico relationship have highlighted issues that will dominate the economic policy agenda of the U.S., Canada and Mexico
000
Mark Rendell @markrendell.bsky.social · 27/11/2024
"We can’t just have a clear kind of logical conversation... That’s not the paradigm we’re in any longer. This is about winners and losers. That’s how Trump looks at the world and we need to make sure that Canadians are not losers in this" #cdnpoli #cdnecon www.theglobeandmail.com/business/art...
theglobeandmail.com
Trump’s proposed tariffs would devastate Canada’s major exporting industries and gouge consumers, experts warn
Mr. Trump’s proposed 25-per-cent tariff on Canadian imports is larger than analysts expected, but experts are split on whether he will follow through on the threat
030
Reposted by Mark Rendell
Karl Schamotta @karl-schamotta.bsky.social · 26/11/2024
Brutal price action in FX on this evening's Trump tariff threats:
1179