Ottawa’s decision to walk away may have been justified, but it is costly for an economy still heavily dependent on the U.S. market.
- Associate Professor, School of Business, MacEwan University
Oil shocks create winners and losers, but the Canadian dollar no longer softens the blow the way it once did.
Canada’s decision to retaliate was not just about responding in kind; it was a strategic move aimed at pressuring key U.S. export industries.
While the tax break will indeed put more money into consumers’ pockets as the government has claimed, whether it will actually ease inflationary pressure is questionable.
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