Keep pulling the thread on Mark Carney.
A risk premium now exists in U.S. assets that was not present before recent trade policy changes.
Canada is facing a significant housing crisis and needs to double its rate of new housing construction to address it.
The United States has imposed 25% tariffs on hundreds of billions of dollars worth of Canadian goods, initially justified by fentanyl concerns.
Canada is subject to U.S. Section 232 tariffs on steel and aluminum, which are justified on national security grounds.
The 25% U.S. tariffs on automobiles are particularly damaging to the highly integrated North American auto industry, which operates on margins of 5-7%.
The U.S. tariffs on Canadian goods related to fentanyl, steel, aluminum, and autos are all in violation of the USMCA/CUSMA trade agreement.
Mark Carney and U.S. President Donald Trump have agreed to begin negotiations for a new comprehensive economic and security relationship following the Canadian election.
The United States is imposing a 25% tariff on potash from Canada, even though Canada supplies 70% of all U.S. potash imports.
According to Mark Carney and other G7 leaders, the post-Cold War global system, anchored by the United States, is over.
Mark Carney predicts that the trade friction created by U.S. tariffs will have similar economic consequences to Brexit, including slower growth, a weaker dollar, and higher inflation.
According to recent survey data, over two-thirds of Canadians no longer view the United States as an ally.
As part of its housing plan, the Canadian government will make $25 billion in low-cost capital available to housing developers.