Uncertainty in Trade Relations

The potential imposition of 25% export tariffs by the Trump administration on Canada created significant uncertainty in the Canadian economy. Initially, the markets reacted negatively, but an eleventh-hour agreement eased these immediate fears, shifting the focus from tariffs to broader economic targets. Despite the chaos, Canada's economy showed resilience, with strong trade figures and job creation. This led to discussions about whether tariffs would remain a negotiating strategy or evolve into actual policy, highlighting the intricate relationship between U.S. actions and Canadian economic health.