What could 'economic force' to merge countries look like for Canadian businesses?
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Economists, business leaders and politicians are reacting to U.S. president-elect Donald Trump's comments that he'd use 'economic force' to acquire Canada as the 51st state.
Economists, business leaders and politicians are reacting to U.S. president-elect Donald Trump's comments that he'd use "economic force" to acquire Canada as the 51st state.
While Trump's proposed tariffs are top of mind nearing his inauguration, economists say that power could take many forms.
"He can do damage; he can do serious damage," said Moshe Lander from the economics department at Concordia University.
"He can just keep ramping those (tariffs) up, 50 per cent, 100 per cent, 200 per cent. I mean, there's just no limit."
Trump claimed the U.S. has no need for Canadian goods and takes issue with the U.S. trade deficit with Canada.
According to Statistics Canada, the deficit with Canada has increased from around $81 billion in 2021 to nearly $109 billion in 2023, due in large part to Canadian oil and gas exports to the U.S.
Lander said if Trump wanted to ratchet up the pressure on Canada, he could pull out of the free trade agreement despite provisions that prevent the move, he could try and seize assets of Canadian companies operating in the U.S. and he could make it difficult for Canadians to travel south.
The recent death of a man waiting for care in a Winnipeg hospital’s emergency department is being investigated as a critical incident.
Economists, business leaders and politicians are reacting to U.S. president-elect Donald Trump's comments that he'd use 'economic force' to acquire Canada as the 51st state.
BC Emergency Health Services is cracking down on overtime in a cost-cutting measure, leaving more ambulances than usual unstaffed as front-line workers fear patients will face even longer delays.
Police have arrested a New Brunswick man wanted for the deaths of two people in Nova Scotia last month.
Energy and Natural Resources Minister Jonathan Wilkinson says he would be 'committed' to the consumer carbon tax should he become Liberal leader and prime minister, despite the policy’s unpopularity.
Former Vancouver Whitecaps youth program player Nathan Demian was out celebrating an Ohio State victory that had propelled his top-ranked Buckeyes to soccer’s final four when he was struck by a stray bullet during a gun battle between two passing cars.
Abigail Robson says she moved from Nova Scotia to Alberta as a young girl with her mother 10 years ago for a fresh start.
A Calgary man who struggled with addiction for more than two decades is questioning why his Facebook account has been showing advertisements for drugs.
Ontario Premier Doug Ford was uninjured after an OPP vehicle he was travelling in was involved in a collision on Highway 401 earlier today.
In the face of incoming U.S. president Donald Trump’s threat to acquire Canada and impose tariffs, Ontario Premier Doug Ford says he wants to expand its energy supply both sides of the border.
Longtime cabinet minister Dominic LeBlanc will not be running to replace Prime Minister Justin Trudeau as head of the Liberals. He announced his decision in a statement posted to social media on Wednesday.