Why did President Donald Trump start a trade war with Canada and other countries?
Peter Watson answers the million-dollar question about tariffs. Why has our neighbour started a trade war with Canada? The answer is simple: Money. The U.S. financial position is a mess. In round numbers, the U.S. spends $7 trillion per year, and revenues are only $5 trillion. The challenge for the U.S. is how to reduce […]
Bank of Canada Warns There Might Be Tough Times Ahead
The economic and personal challenges we face with a US trade war, writes Peter Watson. Recently the Bank of Canada Governor Tiff Macklem spoke about the significant dangers to the Canadian economy if we have a trade war with the US. There could be tough times ahead. The Canadian economy would weaken, inflation would rise, […]
Trump Tariff Risk to Canadians
The Trump announcement of Canadian tariffs is a risk to consider, writes Peter Watson. President elect Donald Trump shocked Canadians by announcing Canadian goods exported to the US would be subject to a 25% tariff. This was his way of getting everybody’s attention and highlighting things he wants Canada to do to avoid the tariff. […]
