Scoop News reporting summary

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Béland said the countries were witnessing “the beginning of a full-scale trade war,” though he cautioned that the situation could change rapidly. Carney foreshadowed the shift at the World Economic Forum in Davos in January, declaring that the world was experiencing “a rupture, not a transition” and urging countries such as Canada to reduce their vulnerability to economic coercion by strengthening their economies at home and diversifying abroad.

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