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Despite tariff pause, uncertainty hangs over Canadian economy

  • U.S. President Donald Trump announced a 30-day pause in tariffs, temporarily halting a trade war that could have raised prices, despite ongoing uncertainty in the Canadian economy.
  • After the tariff pause, Canada halted retaliatory measures, including tariffs and bans on U.S. alcohol sales, as stated by Trump.
  • Prime Minister Justin Trudeau outlined a $1.3 billion plan to address concerns about border security and announced $200 million for fentanyl trafficking initiatives.
  • Unifor and the Business Council of Canada expressed that uncertainty remains despite the tariff delay, emphasizing the need to diversify Canadian markets.
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Spencer Fernando broke the news in on Tuesday, February 4, 2025.
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