A lower Canadian dollar makes U.S. travel and imported products more expensive, but it can also strengthen exports, tourism, Canadian manufacturing and employment. Here is the Canadian exchange rate explained like you’re 10.
Canada already has a powerful tool for diversifying trade away from excessive dependence on the United States. CETA gives Canadian businesses preferential access to the European Union — but Canada is still not using the agreement to its full potential.
The United States has imposed 50% tariffs on selected Canadian products, adding to existing tariffs on Canadian metals. Here is how the growing Canada–U.S. trade war could affect jobs, prices, household finances and communities across Canada.