Tag: china
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How Tariffs Drive Up Housing Costs in Canada
The new tariffs on Canadian energy products and exports will raise costs for businesses and consumers, worsening inflation and housing affordability, particularly in Northeastern Ontario. Short-term impacts include higher construction costs, while long-term effects may push companies to seek alternative trade partners, affecting productivity and job stability. A comprehensive policy response is essential.
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Impact of Trump Tariffs on Canada’s Economy
The Conference Board of Canada’s report analyzes the economic fallout from proposed U.S. tariffs on Canadian imports. It predicts a 1.3% GDP decline nationally by 2025, with significant job losses and rising inflation. Provinces like Alberta, Saskatchewan, Ontario, and Quebec will face notable reductions in GDP due to various sector impacts.
SAFAVI, M 