Business Daily What now for Canada?
6 snips
Feb 5, 2025 Justin Trudeau, former Prime Minister of Canada, reflects on his resignation and the challenges ahead for his successor. He discusses the looming trade tensions with the U.S., particularly the significant tariffs on Canadian exports. The conversation dives deep into Canada’s internal issues, such as the housing crisis fueled by immigration and rising property costs. Trudeau emphasizes the need for effective leadership to navigate these complexities and to forge a clear national identity in a time of uncertainty.
AI Snips
Chapters
Transcript
Episode notes
Canada-US Trade Tensions
- Canada faces a significant economic challenge due to US President Trump's proposed tariffs and questioning of Canada's identity.
- The situation escalated with retaliatory tariffs, creating uncertainty about future trade relations.
Housing Crisis in Canada
- The rising cost of housing is a major concern for Canadians, surpassing even the trade tensions with the US.
- This issue is particularly acute in major cities like Toronto, affecting both long-term residents and newcomers.
Toronto's Housing Market Challenges
- Anya Ettinger, a retailer in Toronto, points out the housing crisis, where limited space and high demand drive up prices.
- Many new buildings lack livability and functionality, with small, cramped units being common.