Mark Rendell
@markrendell.bsky.social
đ€ 1595
đ„ 584
đ 31
Economics reporter with The Globe and Mail. Based in Toronto.
[email protected]
Trump's America First economic vision is pushing Canada to follow suit, reviving a kind of economic nationalism not seen since the 1980s. I unpack the risks, trade-offs and opportunities of
#Carney's
new 'comprehensive industrial strategy'
#cdnpoli
#cdnecon
www.theglobeandmail.com/business/eco...
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Pushed by Trump, Canada enters a new era of economic nationalism
The U.S. Presidentâs âAmerica Firstâ economic vision is pushing Ottawa to reach for a Canada First toolkit â one that would have been inconceivable a year ago
https://www.theglobeandmail.com/business/economy/article-trump-america-first-canada-economic-nationalism/
2 months ago
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USTR posted a notice online Tuesday formally kicking off the review of the continental trade pact, the USMCA. What happens next? What's at stake? What does each side want? Check out my guide to the renewal talks
theglobeandmail.com/business/eco...
#CdnPoli
#CdnEcon
#Trump
#USMCA
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The fight to preserve North American trade is just beginning: A guide to the USMCA renewal talks
After an onslaught of tariffs levied by the Trump administration, Canada is gearing up for renegotiations
https://theglobeandmail.com/business/economy/article-the-fight-to-preserve-north-american-trade-is-just-beginning-a-guide/
3 months ago
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Macklem, Mounties and Mountains, the Canadian bingo card.
#G7
#Cdnpoli
#cdnecon
7 months ago
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Over the past week, Donald Trump has stepped back from the brink in his trade war with China and announced a deal with the U.K. What does it mean for global trade? And how does it impact Canada? I'm on the Decibel today breaking it down.
#cdnecon
#cdnpli
www.theglobeandmail.com/podcasts/the...
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What Trumpâs trade deals could mean for Canada
Why we all need to get used to a baseline 10-per-cent tariff from the U.S.
https://www.theglobeandmail.com/podcasts/the-decibel/article-what-trumps-trade-deals-could-mean-for-canada/
7 months ago
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reposted by
Mark Rendell
Matt Lundy
8 months ago
Confused about tariffs? We all are. Here's a gift link to an explainer from
@markrendell.bsky.social
. We update this piece any time tariff rules change (so, frequently).
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Tariff cheat sheet: Whatâs in effect, whatâs on pause and whatâs been threatened?
U.S. President Donald Trump has imposed, paused and threatened more tariffs to come. Hereâs what you need to know
https://www.theglobeandmail.com/gift/d6b0095708c5462a2712f8c64ef58682fc2d4b2424280b4220b3e8ba0f5cd1e9/VSH5W6IIH5CNPBXRQW7OYTKUCA/
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Are you trying to make sense of Trump's "Liberation Day," the global trade war he launched on April 2, and how Canada and Mexico got off relatively lightly? I'm on the Decibel talking tariffs. Check it out.
#cdnecon
#econ
#cdnpoli
www.theglobeandmail.com/podcasts/the...
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Making sense of Trumpâs âLiberation Dayâ tariffs
New reciprocal tariffs threatens global systems of trade
https://www.theglobeandmail.com/podcasts/the-decibel/article-making-sense-of-trumps-liberation-day-tariffs/
8 months ago
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The federal election will be fought along economic lines, but the ground has shifted. Here are the key economic issues that will define the race throughout this month. w/
@mattlundy.bsky.social
#cdnecon
#cdnpoli
#econ
www.theglobeandmail.com/business/art...
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Ten economic issues that will define the 2025 election, explained in charts
Pocketbook issues were set to dominate the conversation in this election cycle. Then along came a trade war
https://www.theglobeandmail.com/business/article-ten-charts-that-explain-the-economic-stakes-in-this-federal-election/
8 months ago
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reposted by
Mark Rendell
Matt Lundy
8 months ago
New vehicle prices are set to jump by thousands of dollars because of incoming tariffs. âNot a lot of households are going to be able to finance new vehicles at current interest rates and these elevated price points potentially.â (via
@markrendell.bsky.social
)
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Americans set for inflation jolt as car prices get hit by Trump tariffs
Analysts think the price tag on a new vehicle could jump by several thousand dollars depending on the model
https://www.theglobeandmail.com/business/economy/article-americans-set-for-inflation-jolt-as-car-prices-get-hit-by-trump/
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Central banking in a trade war. Macklem:"Itâs very hard for any of us on Governing Council to have high conviction about the most likely outcome...We need to set policy that minimizes the risk. That means being less forward-looking... and it may mean acting quickly when things crystallize."
#cdnecon
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Bank of Canada unveils new playbook as Trumpâs tariff threats create mayhem
The central bank will focus on minimizing risks when setting interest rates, said Governor Tiff Macklem
https://www.theglobeandmail.com/business/article-bank-of-canada-monetary-policy-tariff-threats/
9 months ago
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reposted by
Mark Rendell
9 months ago
Check out the latest edition of my
@financialtimes.com
newsletter. (1/2) How to turn Canada into an economic superpower:
on.ft.com/4hD9tbe
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reposted by
Mark Rendell
Matt Lundy
9 months ago
Our interview with Tiff Macklem: âI will admit I find myself checking the news cycle more frequently than usual.â (via
@markrendell.bsky.social
)
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Tiff Macklem on what the Bank of Canada can and canât do as Trump remakes the economic order
If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely
https://www.theglobeandmail.com/business/economy/article-bank-of-canada-tiff-macklem-trump/
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Tiff Macklem is checking headlines and weighing the risks of recession against inflation, as Trump hits Canada with a barrage of tariff threats. How do you run a central bank in a trade war? I spoke with the
@bankofcanada.bsky.social
governor this week to find out.
#cdnecon
#econ
#cdnpoli
#trump
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Tiff Macklem on what the Bank of Canada can and canât do as Trump remakes the economic order
If the U.S. backs down on tariffs, the Canadian economy is primed for a solid expansion in 2025, but if Donald Trump sticks to his protectionist guns, a recession in the coming quarters seems likely
https://www.theglobeandmail.com/business/economy/article-bank-of-canada-tiff-macklem-trump/
9 months ago
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reposted by
Mark Rendell
Bank of Canada
9 months ago
Governor Tiff Macklem gave an interview to
@markrendell.bsky.social
of
@theglobeandmail.com
.
bit.ly/3FlR59p
#cdnecon
#economy
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Bank of Canada Media Interview â The Globe and Mail
Tiff Macklem, Governor of the Bank of Canada, gave an interview to Mark Rendell of the Globe and Mail, which will be published online and in the newspaper.
https://bit.ly/3FlR59p
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While the 2018 tariffs steel and aluminum tariffs didnât do much to boost jobs, they did boost prices. Reposting ahead of tomorrow's tariffs. w/
@jasonkirby.bsky.social
#cdnecon
#cdnpoli
#econ
www.theglobeandmail.com/business/eco...
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Trumpâs 2018 steel tariffs brought higher prices, did little to boost jobs
The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen
https://www.theglobeandmail.com/business/economy/article-trumps-2018-steel-tariffs-brought-higher-prices-did-little-to-boost/
9 months ago
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With Donald Trump shaking the foundations of the integrated North American economy, the Bank of Canada is widely expected to cut interest rates for a seventh consecutive time on Wednesday.
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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Bank of Canada expected to cut interest rate again as trade war with U.S. disrupts economy
Traders and analysts expect the BoC to focus more on recession risk than rising imported goods prices as Ottawa retaliates with tariffs and the Canadian dollar depreciates
https://www.theglobeandmail.com/business/article-bank-of-canada-rate-decision-tariffs/
9 months ago
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Confused about Donald Trump's latest tariff flip-flop? I wrote an explainer on the USMCA and what's eligible (or not) for the one-month tariff reprieve.
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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What gets a reprieve from Trumpâs tariffs? Understanding the USMCA
Donald Trump has put a month-long pause on imports that are compliant with free-trade agreement. But many Canadian goods will still be subject to tariffs
https://www.theglobeandmail.com/business/article-what-gets-a-reprieve-from-trumps-tariffs-understanding-the-usmca/
9 months ago
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"I'm a loonie. Let me tell you about the tough few months Iâve had." Had fun making this explainer with
@mingwong.bsky.social
and
@apricotjoy.bsky.social
www.theglobeandmail.com/business/art...
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The Canadian dollar is in its flop era. An illustrated look at why the loonie fell
When President Trump slaps tariffs on Canadian goods, the loonie could tumble further, perhaps to the low-to-mid-60s last seen in the early 2000s
https://www.theglobeandmail.com/business/article-the-canadian-dollar-is-in-its-flop-era-an-illustrated-look-at-why-the/
9 months ago
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Do trade deficits matter? How economists think about Trumpâs obsession
#cdnecon
#cdnpoli
#tariffs
www.theglobeandmail.com/business/eco...
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Do trade deficits matter? How economists think about Trumpâs obsession
The U.S. president sees international trade as a zero-sum game. The truth is more complicated, according to economists
https://www.theglobeandmail.com/business/economy/article-trade-deficit-trump-us-canada/
10 months ago
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Iâm on The Decibel this morning talking tariffs, trade deficits and why Trumpâs trade wars likely wonât get him what he wants
#cdnecon
#cdnpoli
#tariffs
podcasts.apple.com/ca/podcast/t...
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How Trump is waging war through tariffs
Podcast Episode · The Decibel · 2025-02-14 · 25m
https://podcasts.apple.com/ca/podcast/the-decibel/id1565410296?i=1000692197897
10 months ago
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While the 2018 tariffs didnât do much to significantly boost jobs, they did boost prices.
#cdnecon
w/
@jasonkirby.bsky.social
www.theglobeandmail.com/business/eco...
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Trumpâs 2018 steel tariffs brought higher prices, did little to boost jobs
The U.S. president cast his 2018 levies on steel and aluminum as an effort to bring manufacturing jobs back to the U.S., but studies show this did not happen
https://www.theglobeandmail.com/business/economy/article-trumps-2018-steel-tariffs-brought-higher-prices-did-little-to-boost/
10 months ago
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Donald Trump announced 25 per cent tariffs on all steel and aluminum imports, including from Canada, reigniting a trade conflict that could have serious consequences for Canadaâs export-oriented metal producers.
#cdnpoli
#cdnecon
www.theglobeandmail.com/canada/artic...
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Trump imposes 25% tariffs on steel and aluminum imports from all countries, including Canada
Canada is the top supplier of both steel and aluminum to the United States
https://www.theglobeandmail.com/canada/article-trump-imposes-tariffs-steel-aluminum/
10 months ago
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Donald Trump genuinely seems to believe that tariffs are a multitool with which to pursue various goals at once â some of which are at odds with each other.
www.theglobeandmail.com/business/art...
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Untangling the MAGA mind on tariffs
The most striking development compared with Donald Trumpâs first presidency is the readiness to use tariffs as an extension of â or substitute for â diplomacy
https://www.theglobeandmail.com/business/article-untangling-the-maga-mind-on-tariffs/
10 months ago
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âWeâve never seen anything like this. Often with different governments thereâs a reduction in funding for aid programs, and then organizations sort of deal with that. But dismantling the entire department including staff and funding, itâs just catastrophic"
www.theglobeandmail.com/world/articl...
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Judge delays Trumpâs USAID furlough, while aid organizations warn of catastrophe
Aid agencies around the world depend on more than US$40-billion of annual USAID funding
https://www.theglobeandmail.com/world/article-usaid-trump-judge-temporarily-blocks-dismantling/
10 months ago
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reposted by
Mark Rendell
Steven Chase
10 months ago
Canada planning pandemic-level relief for workers, businesses if Trump imposes tariffs
www.theglobeandmail.com/politics/art...
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Ottawa planning pandemic-level relief for workers, businesses if Trump imposes tariffs
Sources say the bulk of potential spending on new programs will require legislative approval, which could not take place until Parliament resumes in March
https://www.theglobeandmail.com/politics/article-trump-tariffs-canada-planning-massive-relief-workers-businesses/?utm_source=Shared+Article+Sent+to+User&utm_medium=LinkCopy&utm_campaign=Shared+Web+Article+Links
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I was on
@theworld.org
yesterday talking tariffs and Canada's response. Thanks for having me on Carol Hills
#cdnecon
#cdnpoli
theworld.org/segments/202...
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Canada preparing for impact of potential Trump tariffs - The World from PRX
Canada is getting ready to be hit with new tariffs by the US following the start of President Donald Trumpâs administration this week. It comes as Trump has repeatedly made calls for Canada to join th...
https://theworld.org/segments/2025/01/24/canada-preparing-for-impact-of-potential-trump-tariffs
10 months ago
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Trump used his Davos speech to spell out an economic vision that revolves around boosting investment and factory production in the United States at the expense of trading partners.
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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Trump reiterates tariff threats against Canada in Davos appearance
In a speech, the U.S. President said Canada could become a U.S. state to avoid tariffs, and suggested that the U.S. doesnât need Canadian oil and gas, cars or lumber
https://www.theglobeandmail.com/business/article-trump-reiterates-tariff-threats-against-canada-in-davos-appearance/
11 months ago
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With Trumpâs directive to enact an âAmerica First Trade Policy,âmercantilism moves back to the centre of U.S. economic policy.
#cdnecon
www.theglobeandmail.com/business/eco...
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Trumpâs fixation on trade deficits retakes centre stage in U.S. economic policy
Economists think this is the result of large federal government deficits, a productive and rapidly growing economy and the U.S. dollarâs status as the worldâs reserve currency
https://www.theglobeandmail.com/business/economy/article-donald-trump-trade-deficit-fixation/
11 months ago
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reposted by
Mark Rendell
Steven Chase
11 months ago
Three Trump tariff options circulating in Washington that could hit Canada, minister says
www.theglobeandmail.com/politics/art...
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Trump considering one of three tariff options against Canada, Natural Resources Minister Wilkinson says
Only a small circle close to Trump knows his tariff plans, minister says after trip to Washington
https://www.theglobeandmail.com/politics/article-trump-tariff-plans-for-canada-unclear/?utm_source=Shared+Article+Sent+to+User&utm_medium=LinkCopy&utm_campaign=Shared+Web+Article+Links
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reposted by
Mark Rendell
The Globe and Mail
11 months ago
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Bank of Canada to end quantitative tightening in first half of 2025
Deputy governor Toni Gravelle gave a speech Thursday detailing the cental bankâs plan to wrap up its intervention in bond markets that began early in the COVID-19 pandemic
https://www.theglobeandmail.com/business/article-bank-of-canada-ends-pandemic-quantitative-tightening/?utm_source=dlvr.it&utm_medium=bluesky
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The Bank of Canada plans to stop shrinking the size of its balance sheet in the coming months, closing the book on its massive intervention in bond markets that began in the early months of the COVID-19 pandemic.
#cdnecon
www.theglobeandmail.com/business/art...
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Bank of Canada to end quantitative tightening in first half of 2025
Deputy governor Toni Gravelle gave a speech Thursday detailing the cental bankâs plan to wrap up its intervention in bond markets that began early in the COVID-19 pandemic
https://www.theglobeandmail.com/business/article-bank-of-canada-ends-pandemic-quantitative-tightening/
11 months ago
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Canada isn't ruling out restricting energy exports as a possible countermeasure to Trumpâs tariff threats, says foreign affairs minister MĂ©lanie Joly. Alberta premier Danielle Smith rejected the idea outright.
#cdnpoli
#cdnecon
www.theglobeandmail.com/canada/artic...
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Energy export restrictions âon the tableâ to respond to U.S. tariff threats, Joly says
The possibility of restricting energy exports was quickly opposed by Alberta Premier Danielle Smith
https://www.theglobeandmail.com/canada/article-canada-restrict-energy-exports-us-tariff-threats/?utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links
11 months ago
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âIf the Canadian dollar recovers, itâs going to be more likely because the U.S. dollar weakens for some reason. Now that could be that Trump wakes up one morning and decides he doesnât want a stronger dollarâ
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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Analysts see loonie weakness continuing, as currency hit from multiple angles
This is only the third time in the past two decades the loonie has traded below the 70-cent mark with the U.S. dollar
https://www.theglobeandmail.com/business/article-analysts-see-loonie-weakness-continuing-as-currency-hit-from-multiple/
12 months ago
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As Freeland calls for fiscal prudence, critics point to sizable deficits on her watch
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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As Freeland calls for fiscal prudence, critics point to sizable deficits on her watch
Chrystia Freelandâs professed adherence to fiscal discipline clashes starkly with her record of high levels of spending as federal deficit hits $61.9-billion
https://www.theglobeandmail.com/business/article-as-freeland-calls-for-fiscal-prudence-critics-point-to-sizable/
12 months ago
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âI wish we were not potentially facing a more shock-prone world. But hope is not a strategy. We need to make sure weâre prepared for the future.â I spoke with BoC Governor Tiff Macklem about the next phase of monetary policy, tariffs and economic uncertainty.
www.theglobeandmail.com/business/eco...
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âWe need a richer playbookâ: Tiff Macklem on kicking inflation, tariffs and uncertainty ahead
The Globe sat down with Mr. Macklem to talk about the next phase of monetary policy, Donald Trumpâs tariff threats and how the central bank is navigating an increasingly uncertain world
https://www.theglobeandmail.com/business/economy/article-tiff-macklem-bank-of-canada-q-and-a/
12 months ago
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The Bank of Canada cut interest rates by half a percentage point on Wednesday and signalled that it's moving into a "more gradual" phase of the easing cycle amid rising economic uncertainty.
#cdnecon
#cdnpoli
www.theglobeandmail.com/business/art...
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Bank of Canada cuts rate by half-point, signals âmore gradualâ approach to further easing
As widely expected, the central bank lowered its key rate to 3.25% in fifth consecutive cut since June
https://www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-cut-december/
12 months ago
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Trudeau promises to retaliate to any U.S. tariffs. âWe were able to punch back in a way that was actually felt by Americans," he said of Ottawa's 2018 response to Trump's tariffs on Canadian steel and aluminum.
#cdnpoli
#cdnecon
www.theglobeandmail.com/business/art...
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Trudeau says Canada will respond to any new U.S. tariffs, citing past retaliation
The Prime Minister said Monday that retaliatory measures were crucial to getting the Americans to back down during earlier trade spats
https://www.theglobeandmail.com/business/article-trudeau-says-canada-will-respond-to-any-new-us-tariffs-citing-past/?utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links
12 months ago
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Canadian exporters look to hedge Trump trade risk, front-run tariffs
#cdnecon
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Canadian exporters look to hedge Trump trade risk, front-run tariffs
Financial markets are largely discounting the possibility that U.S. president-elect Donald Trump will follow through on his threat, but exporters donât have the luxury of waiting around to find out
https://www.theglobeandmail.com/business/economy/article-canadian-exporters-look-to-hedge-trump-trade-risk-front-run-tariffs/?utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links
12 months ago
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reposted by
Mark Rendell
Matt Lundy
about 1 year ago
The Mexico-China trade relationship is a lot more complicated than our politicians would have us believe. From
@markrendell.bsky.social
, the definitive piece.
www.theglobeandmail.com/business/art...
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Mexicoâs business ties with China more complex and intractable than bluster suggests
Canadian attempts to cozy up to Donald Trump using the China-Mexico relationship have highlighted issues that will dominate the economic policy agenda of the U.S., Canada and Mexico
https://www.theglobeandmail.com/business/article-mexicos-business-ties-with-china-more-complex-and-intractable-than/
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âWelcome to a much more complicated picture than simply blaming Mexico"
#cdnpoli
#cdnecon
www.theglobeandmail.com/business/art...
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Mexicoâs business ties with China more complex and intractable than bluster suggests
Canadian attempts to cozy up to Donald Trump using the China-Mexico relationship have highlighted issues that will dominate the economic policy agenda of the U.S., Canada and Mexico
https://www.theglobeandmail.com/business/article-mexicos-business-ties-with-china-more-complex-and-intractable-than/
about 1 year ago
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"We canât just have a clear kind of logical conversation... Thatâs not the paradigm weâre in any longer. This is about winners and losers. Thatâs how Trump looks at the world and we need to make sure that Canadians are not losers in this"
#cdnpoli
#cdnecon
www.theglobeandmail.com/business/art...
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Trumpâs proposed tariffs would devastate Canadaâs major exporting industries and gouge consumers, experts warn
Mr. Trumpâs proposed 25-per-cent tariff on Canadian imports is larger than analysts expected, but experts are split on whether he will follow through on the threat
https://www.theglobeandmail.com/business/article-proposed-trump-tariff-poses-big-risk-to-canadian-industry-consumers/
about 1 year ago
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reposted by
Mark Rendell
Karl Schamotta
about 1 year ago
Brutal price action in FX on this evening's Trump tariff threats:
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