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Canada in ‘no man’s land’ as new U.S. tariffs take effect, former foreign minister warns

From bnnbloomberg.ca

Canada is bracing for further tension in its trade relationship with the United States, after President Donald Trump imposed sweeping new tariffs. “This is bad news,” said former foreign affairs minister Peter MacKay in an interview with CTV News Channel Sunday. “It’s bad news for the markets. It’s bad news for many sectors on both sides of the border. … There is a lot of impetus now to try to bring this to an end.” Trump hit Canadian goods with a 35-per-cent tariff on Friday—targeting products not compliant with the Canada-U.S.-Mexico Agreement. The White House said the decision was made in response to Canada’s ... (full story)

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  • Category: Fundamental Analysis