Trump, Canada and tariff
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According to Statistics Canada, “Among all businesses, 7 in 10 (70.0%) reported being either very optimistic or somewhat optimistic about their outlook over the next 12 months.”
There was a sharp decline in the share of Canadians buying U.S. homes in Q1 2025 as the Trump administration's trade disputes took hold.
Canada and the U.S. are unlikely to reach a trade deal at the G-7 summit that ends Tuesday, according to officials. Trade was the main topic of discussion when Canadian Prime Minister Mark Carney met with President Trump on Monday morning.
The 2018 summit ended with Trump assailing his Canadian hosts on social media as he departed on Air Force One, saying he had instructed the U.S. officials who remained in Quebec to oppose the G7 joint statement endorsed by the leaders of Japan, France, the United Kingdom, Italy, Germany and, of course, Canada.
Tariffs have long influenced global trade, shaping economies and industries in unexpected ways. While much attention is often given to manufacturing and goods, the service economy, particularly the travel industry, is equally affected. Changes in exchange rates, prices, and supply chain structures can profoundly influence travel demand and pricing.
Minnesota saw a 6% export decline in 2025's first quarter. Officials blame the decline on uncertainty caused by President Donald Trump's tariffs.
President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.
New meeting records show the Bank of Canada's top decisionmakers were weighing an interest rate cut earlier this month but didn't feel like they knew enough about how