trade

Market Minute: Canada’s trade outlook not as bleak as feared

Jun. 19, 2025 by Tu Nguyen

While uncertainty plagues Canada’s trade outlook, a relatively low U.S. effective tariff rate means things might not be as bleak as they seemed back in March. … READ MORE >

Market Minute: Canada’s trade diversification away from U.S. as tariff pain remains

May. 13, 2025 by Tu Nguyen

Canada’s latest trade data provides an indicator of the diversification away from U.S. dollar-denominated assets as tariff tensions continue to simmer between the longtime trade partners. In March, Canada’s merchandise exports to countries other than the U.S. surged by 24.8 per cent on a month-over-month basis—the second-largest increase in recorded … … READ MORE >

Even with pause, Trump’s tariffs and Canada’s response establish volatile new economic reality

Feb. 3, 2025 by Tu Nguyen

While a reprieve on tariffs may be welcomed, the back-and-forth between the U.S. and Canada laid bare Canada’s economic vulnerability amid ongoing political volatility. … READ MORE >

Tariffs would fray Canada-U.S. ties in energy and auto manufacturing

Dec. 17, 2024 by Tu Nguyen

Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >