Impact of proposed U.S. tariffs on Canadian economy – CP24

There’s a lot of anxiety in Canada about President-elect Trump’s announcement that he will be putting a 25% tariff on all Canadian exports to the US. Yesterday I shared my thoughts with Leena Latafat on the impact these proposed tariffs will have on our economy on CP24. I discussed what sectors of the Canadian economy will be hardest hit, how it will affect the Canadian dollar and subsequently inflation, and how the Bank of Canada may respond.