Canada’s economy is heavily reliant on international trade, with exports and imports accounting for a significant portion of its GDP. In 2024, goods and services exports grew by 2.0%, while imports rose by 2.

OTTAWA — Beijing’s ambassador to Canada says China is interested in stepping up trade with Ottawa, arguing the U.S. is pursuing a trade war that will hurt the global economy as it struggles to fully recover from the COVID-19 pandemic.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.

The possibility of counter tariffs levied by the European Union over steel and aluminum duties, combined with more than 2 billion pounds of polyethylene exports to Canada also at risk from retaliatory tariffs,

It says in the worst-case scenario, Saskatchewan exports to the U.S. would fall by $8.2 billion, provincial gross domestic product would decline by $4.9 billion and provincial revenues would decrease by $1.4 billion.

A panel discussion at LU last week dissected several aspects of the Canada-U.S. trade war and offered perspectives on how this country can best counter economic aggression from south of the border

“Under the new Prime Minister, Canada remains committed to the fight against climate change,” says Wilkinson, referring to the newly elected prime minister Mark Carney. But “some elements of the climate plan probably have become a little tougher in the context of working with the Trump Administration.”

Prime Minister Mark Carney says President Donald Trump’s auto tariffs are a ‘direct attack’ on Canada, but he’ll need to see the details before taking retaliatory measures