Canada-US Trade Tensions Escalate as Trump Threatens Bombardier Ban

The ongoing trade tensions between Canada and the US continue to escalate, with US President Donald Trump threatening to ban Bombardier jet sales in the country. Analysts say it's unclear what legal mechanism the White House could use to stop the Quebec-based company from exporting into the US, but that's not really the point of Mr. Trump's tirade.

Kirsten Hillman, Canada's former envoy to the US, believes formal trade talks between Ottawa and Washington will likely resume in months, not days or weeks. 'It may be months,' she said, before U.S. negotiators realize Canada isn't budging on key issues such as steel and auto tariffs.

Meanwhile, Prime Minister Mark Carney is attempting to position Canada as a safe haven for foreign investors, highlighting the country's many investable projects in various stages of development. Royal Bank of Canada announced it will launch a $1.4-billion fund to invest in Canadian technology companies that could grow into 'global powerhouses'. RBC believes these companies have the potential to generate strong returns and create jobs.