Trump elected, what impact on the Canadian economy?

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• Start of the list Trump elected, what impact on the Canadian economy? of 8 elements. Skip the list?

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    PHOTO : AFP / Jeff Kowalsky

    Trump elected, what impact on the Canadian economy?

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    PHOTO : afp via getty images / TIMOTHY A. CLARY

    While in the United States, the stock markets are reacting very favorably to the election of Donald Trump, stimulated by the tax cuts promised by the latter, in Canada, there is more concern. The Republican’s protectionist policies raise fears of negative repercussions on the country’s economy.

  • 10 %

    This is the customs tariff that Donald Trump says he wants to impose on all imports entering American soil. According to a recent report from the Canadian Chamber of Commerce, such a measure would cost the Canadian economy several billion dollars each year.

  • “All the things that are produced here are going to be more expensive for American consumers. They will buy a lot less things and that will have a very big effect on workers here in Canada. »

    ROCCO ROSSI

    Former CEO of the Ontario Chamber of Commerce

  • The sectors that would be most affected:

    • Energy : Canadian exports are $170 billion annually
    • Automobile : exports of vehicles and parts represent $80 billion annually

  • Concern in Quebec

    

    PHOTO : - / Sylvain Roy Roussel

    The possible imposition of American customs tariffs and a potential Canadian response concerns the Prime Minister of Quebec, François Legault, who says he expects years of economic “turbulence”. He also fears repercussions linked to Donald Trump’s promise to expel millions of irregular migrants.

  • “There is uncertainty for some people who might be tempted to cross the border now. We did our part. So, if there are other provinces that want to welcome them… But in Quebec, there are already too many immigrants. »

    FRANCIS LEGAULT

    Prime Minister of Quebec

  • Hope in Ontario

    Ontario Premier Doug Ford is more optimistic. In his opinion, Canada and the United States have every interest in agreeing to strengthen an economic partnership that will benefit both countries. The threat of tariffs therefore seems to be less of a concern for him.

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