Michael Gregory, Managing Director and Deputy Chief Economist at BMO, shares his insights on U.S. tariffs and their impact on both countries' economies. He discusses the implications for economic growth, inflation, and the Canadian dollar. The conversation reveals how tariffs shape Canada-U.S. trade relations, stressing the need for Canada to diversify its trade partnerships. Gregory also offers strategies for staying optimistic in economic downturns and suggests disciplined investment approaches for 2025, highlighting the potential of both the U.S. and Canadian markets.