Will trump’s tariffs cause a recession in Canada
The U.S. tariffs will impact Canadians and Americans alike. They will increase costs for consumers, put thousands of jobs at risk, and weaken North America’s competitiveness in the global economy.
nflation is likely to rise in the near-term from the trade disruptions, Bartlett said, and job losses in hard-hit sectors could quickly pile up if those industries don’t receive tariff reprieves. Desjardins expects Canada would fall into a recession by mid-year if steep tariffs remain in place.
Amedya J. Hilson
How much of Canada’s economy is tied to the US?
The Stakes in Numbers
Every day, $3.6 billion in goods and services crosses the Canada-U.S. border, fueling a $1.3 trillion annual trade relationship. This partnership supports: 1.4 million American jobs tied to Canadian exports. 2.3 million Canadian jobs tied to U.S. exports.
Every day, $3.6 billion in goods and services crosses the Canada-U.S. border, fueling a $1.3 trillion annual trade relationship. This partnership supports: 1.4 million American jobs tied to Canadian exports. 2.3 million Canadian jobs tied to U.S. exports.
