Canadian Economy at Risk from Tariff Uncertainty
The Canadian Federation of Independent Business (CFIB) warns that the ongoing trade tensions between Canada and the US could have negative repercussions for Canada's economy. According to Ryan Mallough, VP of legislative affairs at the CFIB, small businesses are already feeling the effects of delays in Trump's latest tariffs.
The US has yet to reach a trade deal with Canada, and the uncertainty is causing concern among Canadian business owners. Mallough stated that 'the ripple effects from these tariffs could sour our economy.'
Although specific details on how long this will last are unclear, the CFIB is closely monitoring the situation.