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Tariff war threatens to clobber Canada: FP video looks at the impact and solutions
Tariff war threatens to clobber Canada: FP video looks at the impact and solutions

Yahoo

time22-03-2025

  • Business
  • Yahoo

Tariff war threatens to clobber Canada: FP video looks at the impact and solutions

As the world waits for the next round of tariffs from United States President Donald Trump, the Canadian economy is beginning to show signs of stress. FP video spoke to former Foreign Affairs Minister Peter MacKay, two economists and the CEO of Royal LePage about the early impacts on the trade war and what we can do to mitigate any further damage. Peter MacKay, former Conservative Foreign Affairs Minister, discusses how the new world order is changing and what Canada needs to do to survive. Bill Robson, chief executive of the C.D. Howe Institute, talks about what the federal government should do in this year's budget. Jimmy Jean, chief economist at Desjardins Group, on what's in store for the Canadian economy and Bank of Canada interest rates. Phil Soper, chief executive of Royal LePage, on how Canadian real estate is faring as the trade war weighs on consumer sentiment. How the tariff war is playing out in Canada Bears outnumber bulls as Trump shakes up markets Bank of Canada could slash rate below 2%

Tariff war 'mutual assured destruction': Peter MacKay
Tariff war 'mutual assured destruction': Peter MacKay

Yahoo

time19-03-2025

  • Business
  • Yahoo

Tariff war 'mutual assured destruction': Peter MacKay

Peter MacKay, former Conservative foreign affairs minister, talks with Financial Post's Larysa Harapyn on how the new world order is changing and what Canada needs to do to survive amid a tariff war with the United States. 'We know that the further we go down this road, the more pain both economies will feel. It's mutual assured destruction,' he said. Bears outnumber bulls as Trump shakes up markets BoC could slash rate below 2% if 'madness continues' • Email: lharapyn@

Is Trump's world trade disruption an opportunity for Canada?
Is Trump's world trade disruption an opportunity for Canada?

CBC

time14-02-2025

  • Business
  • CBC

Is Trump's world trade disruption an opportunity for Canada?

U.S. President Donald Trump on Thursday asked his staff to come up with a plan to impose new tariffs on trading partners around the world that have economic practices he and his staff see as 'unfair' to American trade. Peter MacKay, Canada's former minister of foreign affairs, says if Trump follows through it will upset the country's entire world trade relationship, 'essentially throwing it out the window.' He says that for Canada, this represents an opportunity to diversify trade.

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