Trump, Canada and tariff
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According to Statistics Canada, “Among all businesses, 7 in 10 (70.0%) reported being either very optimistic or somewhat optimistic about their outlook over the next 12 months.”
Minnesota saw a 6% export decline in 2025's first quarter. Officials blame the decline on uncertainty caused by President Donald Trump's tariffs.
President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.
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Calgary Herald on MSNU.S.-imposed tariffs have cost the city $50,000 so farThe tariff war with the United States has cost the city roughly $50,000 so far, city councillors heard Tuesday. But that number is expected to rise, according to administration’s latest monthly update to council’s executive committee.
The Bank of Canada released a summary from its most recent meeting, in which its members decided to leave interest rates unchanged given the 'uncertain' economic outlook.
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Tariffs have long influenced global trade, shaping economies and industries in unexpected ways. While much attention is often given to manufacturing and goods, the service economy, particularly the travel industry, is equally affected. Changes in exchange rates, prices, and supply chain structures can profoundly influence travel demand and pricing.
There was a sharp decline in the share of Canadians buying U.S. homes in Q1 2025 as the Trump administration's trade disputes took hold.
President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being "tough" in trade talks and the European Union has failed to offer a fair deal.