A surge in Canadian patriotism, fueled by trade tensions with the U.S., is significantly impacting American companies’ sales in Canada. This “Buy Canadian” movement has led to distributors halting deals with American brands, retailers canceling orders of U.S. products, and companies like Parasol Co. abandoning Canadian expansion plans. Consequently, Canadian manufacturers of goods such as diapers and cleaning products are experiencing a quadrupling of orders. The shift highlights the powerful influence of consumer sentiment and its potential to disrupt cross-border trade.
Read More
This website is best viewed with a modern, up-to-date browser. Using an outdated browser exposes users to potential security vulnerabilities. For optimal performance and security, please upgrade to a supported browser such as Chrome, Firefox, Edge, or Safari. Failure to update may result in a diminished user experience. Switching browsers is simple and significantly improves online safety.
Read More
Canada’s swift push to diversify its trade relationships, particularly its pursuit of stronger ties with the European Union, is a fascinating response to the threat of US tariffs. It’s a move that underscores the changing global economic landscape and hints at a significant shift in the traditional Canada-US trade dynamic.
The speed of this diversification is remarkable, almost shocking in its urgency. It reflects not just a pragmatic response to potential trade barriers but also a deeper strategic recalibration of Canada’s economic future. The damage inflicted on US international standing is immense, a testament to the ripple effects of protectionist trade policies.… Continue reading
Donald Trump’s imposition of 25% tariffs on Canadian and Mexican goods has sparked a potential trade war, with Canada vowing retaliation and Mexico preparing a measured response. China, also facing tariffs, has expressed opposition, highlighting the potential for global economic repercussions. While the US has threatened further tariffs against the European Union, a senior Trump advisor suggested a trade agreement with the UK is a priority, possibly due to a more balanced trade history. Concerns of global recession and inflation, voiced by the IMF and JP Morgan, have been dismissed by the Trump advisor.
Read More