Counter Tariffs Devastate Canadian Economy
The economic impact of counter tariffs on Canada's economy has been significant. A recent report found that the trade war between Canada and the US had a devastating effect on Saskatchewan's forests, which were expected to be hit hard by tariffs.
Additionally, the Port of Churchill reopened for grain shipments after being closed due to flooding in 2018. The reopening was seen as a positive development for Canadian farmers who rely on the port for exports.
However, not all sectors have been affected equally. The honey supply in Canada has been impacted by the trade war, with some producers reporting a significant decrease in demand and prices.