Meeting will push for trade within Canada’s borders, diversification of export markets, Prime Minister says
Prime Minister Justin Trudeau is calling a last-minute summit in Toronto Friday to respond to the threat of American tariffs by convening a discussion on diversifying Canada’s trading abroad and finding new sources of economic growth and investment.The Canada-U.S. Economic Summit is Team Canada at its best,” Mr. Trudeau said in a statement.
“We are bringing together partners across business, civil society, and organized labour to find ways to galvanize our economy, create more jobs and bigger paycheques, make it easier to build and trade within our borders, and diversify export markets,” he said.On Monday, U.S. President Donald Trump agreed to postpone his threatened 25% tariffs on Canadian imports while Canada works on more border security measures to address American concerns about drug smuggling.
One of Mr. Trump’s goals in threatening tariffs on allies is to force investors to relocate manufacturing in the United States, at the expense of trading partners.The trade war is running hot in the Costco frozen food section There are plenty of items marked product of Canada or made in Canada, but what do these terms really mean when looking to buy Canadian products? Business reporter Erica Alini outlines what to look for.
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