Uncertainty still hangs on the Canadian economy despite US President Donald Trump announcing a 30 -day break in prices which had to take effect today.
The temporary stay interrupts – at least for the moment – a continental trade war that economists on both sides of the border have warned would increase prices.
Trump’s decision meant that Canada and the provinces also interrupted their movements to retaliate, especially with prices and bans on American alcohol sales north of the border.
Trump signed a prescription on Saturday to impose 25% of the prices between interest on Mexican and Canadian imports, with a 10% lower price on Canadian energy.
On Monday, following two telephone calls with Prime Minister Justin Trudeau, Trump said the prices would be out of the table for 30 days to see if the two countries could conclude a “final economic contract”.
In his own article on social networks, Trudeau described the $ 1.3 billion plan in his government to respond to Trump’s stated concerns about border security that Canada unveiled in December.
He also said that nearly 10,000 leading staff “will protect and protect” the Canada border and have announced $ 200 million from new initiatives to fight fentanyl trafficking, including a “fentanyl tsar” .
Some of the border measures will be exposed on Tuesday.
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The Minister of Public Security, David McGuinty and Terry Duguid, Minister responsible for the Economic Development Canada meadows, will join the Prime Minister of Manitoba, Wab Kinew later this morning at the port of Emerson, where they will see how Canada Border Services Agency detects Fentanyl and other toxic materials. They will also see a Black Hawk helicopter that the RCMP now uses to patrol the American border in the province.
But delay in prices is not long -term comfort for many in Canada’s labor and business communities.
Unifor, the country’s largest private sector union, insists that Trump’s threat of prices remains in force, threatening Canadian jobs. The national president Lana Payne calls on Canada to “use each lever available to build a strong, resilient and diversified economy”.
The Canada Business Council also notes that “with a delay of 30 days, it remains a lot of uncertainty”.
The president and chief executive officer, Goldy Hyder, said that it remains clear that Canada must “act urgently to improve our long -term economic prospects”.
The Prime Minister of Quebec, François, Legault complained that “what is boring” about Trump “is that there is always this sword suspended above our heads”.
He thinks that the events of the last days highlight the importance of diversifying markets and limiting Canadian dependence on American exports.
Canada has spent the last three months on a full-course press in Washington, DC and Mar-A-Lago, Trump’s Florida Resort, trying to postpone his file against the prices. Despite the break, this work continues.
The Minister of Energy and Natural Resources, Jonathan Wilkinson, will be in Washington on Tuesday to deliver a speech on the future of energy in North America.
& Copy 2025 the Canadian press