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Canada must focus on ‘growth-first agenda’ amid U.S. trade war: Scotiabank

  • U.S. President Donald Trump's tariff announcements caused the Dow to plunge almost 4,000 points and erased more than $4.8 trillion in value on the S&P 500.
  • Scotiabank Chief Executive Scott Thomson emphasizes the need for Canada to focus on a 'growth-first agenda' to avoid stagnation in growth and productivity, calling it a crucial time for the nation.
  • Public opinion shows strong support for an export tax on oil, with 80 percent of people polled in prairie provinces favoring it, despite concerns from Alberta Premier Danielle Smith.
  • Seth Klein suggests that an export tax on oil and gas could fund the necessary climate infrastructure, indicating a need for Canada to build capacity at home.
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Bias Distribution

  • 75% of the sources lean Left
75% Left
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The Globe & Mail broke the news in Canada on Tuesday, April 8, 2025.
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