Prime Minister Justin Trudeau's resignation creates uncertainty for Canada's economy as the country faces potential tariffs and renegotiations of its free trade agreement with the US.
Prime Minister Justin Trudeau’s resignation is creating a power vacuum at a perilous time for the Canadian economy. Today, we look at the challenges ahead for a leaderless country facing the threat of hefty tariffs and looming renegotiations of a free-trade agreement.Statistics Canada reports the country’s trade balance for November this morning. We’ll be watching to see if exports tick up ahead of potential tariffs on imports into the U.S. Trudeau’s resignation gave the loonie a lift.
Some analysts are predicting it would continue to rise under a pro-business Conservative government.The Chamber of the House of Commons: empty after Prime Minister Justin Trudeau announced his resignation and the prorogation of Parliament.The most repeated word from economists and market watchers yesterday was “uncertainty,” a theme that’s likely to cast a cloud over Canada through the year. The window to reach a resolution with the incoming U.S. administration is rapidly closing, and Trudeau’s successor will be left with little time to prepare for renegotiations over the.Trudeau has said he’ll stay as leader as Canada aims to talk Trump down from his pledge to implement 25-per-cent tariffs on imports into the U.S. – an outcome that would be felt more acutely by Canada than any other trading partner, given the U.S. accounts for the lion’s share of the country’s exports. The clock is ticking down to those tariffs becoming a reality on Jan. 20, when Trump retakes the Oval Office. The Globe’s Steven Chase reported yesterday that Ottawa is weighing an early release of a proposed list of American goods that would be.Polling shows the Conservative Party is poised to win this year’s federal election, which is unlikely to be held before Ma
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