EconomyAre U.S.-Canada relations beyond repair? BMO chief economist weighs in

As U.S.-Canada trade relations worsen after talks between the neighbours failed, BMO Chief Economist Douglas Porter said Trump’s 50 per cent levies on about five per cent of Canada’s exports to the U.S. would not significantly affect inflation. He said the more serious consequence was the deterioration in relations, and discussed Carney’s retaliatory tariffs.