The Big Story The communities that will be hit hardest by U.S. tariffs
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Feb 13, 2025 In this engaging discussion, Matthew Holmes, Executive Vice President and Chief of Public Policy at the Canadian Chamber of Commerce, shares insights on the looming threat of U.S. tariffs. He reveals which Canadian cities are most vulnerable and outlines the economic implications for various sectors, particularly oil, gas, and automotive. Holmes highlights communities that may weather the storm better due to diversified economies. The conversation emphasizes the urgent need for proactive government action to bolster Canada's economic resilience.
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Vulnerable Cities
- The Canadian Chamber of Commerce created a list of 41 cities to show tariff vulnerability.
- They used Statistics Canada data to analyze trade intensity and export exposure with the U.S.
Most Exposed Cities
- Cities across Canada, from St. John to Calgary, show high vulnerability to U.S. tariffs.
- Ontario cities, hubs for automaking, also rank high, alongside Quebec cities with aluminum and steel industries.
Oshawa's Resilience
- Oshawa's tariff exposure is lower than cities like Brantford, despite its link to the auto sector.
- This is likely due to Oshawa's diversified economy, with sectors like healthcare providing stability.