Tale of the Trade Tape | Metals Mine

  • Tale of the Trade Tape

    From economics.bmo.com

    It was just a little more than a year ago that the U.S. first began announcing broad-based tariffs on Canada and Mexico, engulfing North America in a fog of on-again, off-again trade skirmishes. With the mid-year USMCA review looming, the uncertainty remains thick around the Canadian trade outlook. But how have trade flows responded to that first full year of tariffs, both threatened and real? The results are not overly surprising, albeit perhaps a bit less dramatic than initially anticipated, in part reflecting the fact that the actual tariff bite was a bit less intense than the bark. Canada’s trade deficit ... (full story)

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