Carney vows "Canada will win" tariff war
View all comments(0)
Mark Carney has been selected as successor to Justin Trudeau as Canada's prime minister, beating three Liberal Party rivals in a landslide victory of 86% votes.
Immediately, Carney sought to address the ongoing tariff dispute between the U.S. and Canada, announcing that, "In trade, as in hockey, Canada will win."
Carney, former governor of the Bank of Canada, spent much of his acceptance speech lambasting U.S. President Donald Trump, criticizing his tariff policy and his hopes to annex Canada as the 51st state.
The prime minister-designate supported Canada's retaliatory tariffs on the U.S.' 25% tariff on Canadian Goods, stating, "My government will keep our tariffs on until the Americans show us respect."
The U.S. established the levies last Tuesday, but have since exempted goods complaint with the USMCA trade agreement. Canada's economy is significantly dependent on U.S. trade, with many speculating a recession if tariffs are fully implemented.
Carney reiterated the importance of U.S. trade to Canada, saying that Trump is "attacking Canadian, workers, families, and businesses."
The former banker is expected to be sworn-in soon, and will lead a minority government in parliament until the next general election against the Conservative Party, led by Pierre Poilievre.
Since the trade dispute began, the Liberals have made significant headway to narrow the gap between the two parties, with some polls showing them tied.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Like
Recommended Articles
Featured Tools
Top News
SpaceX Stock Price Prediction: Can Starship, Starlink and Space AI Support SpaceX’s Long-Term Valuation? Can the Stock Price Still Rise?

Intel Job Cuts Reported Ahead of Earnings: Why AI Recovery Still Can’t Stop Data Center Unit From Shrinking Again?

Intel (INTC) Price Forecast: Two Days From Earnings; 317% YoY Gain, 12% Options Swing

IBM Stock Steady at $213 Before Wednesday Earnings — 7% Options Swing

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?








Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.