shockedcanadian
Diamond Member
- Aug 6, 2012
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This will probably be closer to 30% in Ontario. What I don't understand is Europe having a $20B trade surplus with Canada even though we claim that the only reason Canada doesn't import as much from America is due to population size. Well, the EU, a group we have a Free Trade deal with, has a population of 450M people compared to our 40M but still run a trade surplus against us!
I don't know what will happen if America moves on from USMCA/CUSMA and negotiates heavily altered 1 on 1 trade deal with Mexico and Canada.
globalnews.ca
Nearly 20 per cent of Canadian small businesses are at risk of having to shut down in as little as six months as owners grapple with higher costs brought on by tariffs, new data suggests.
“Small businesses don’t have a lot of runway left. They are trying their best to absorb the costs, but if nothing changes, they will be forced to make some tough decisions,” said Corinne Pohlmann, executive vice-president at the Canadian Federation of Independent Business (CFIB).
“The worst outcome for Canada in the trade war is a bad deal, but the second-worst outcome is the never-ending uncertainty small business owners have been wrestling with for the past six months.”
According to the CFIB, nearly one in five (19 per cent) of small business owners report they won’t last more than six months if the tariff status quo remains, and nearly four in 10 (38 per cent) said they would last less than a year.
I don't know what will happen if America moves on from USMCA/CUSMA and negotiates heavily altered 1 on 1 trade deal with Mexico and Canada.
Nearly 20% of Canadian small businesses may close from tariffs, CFIB says - National | Globalnews.ca
A new poll from the Canadian Federation of Independent Business finds a large portion of small business owners saying they won't last more than a year because of current tariffs.
globalnews.ca
Nearly 20 per cent of Canadian small businesses are at risk of having to shut down in as little as six months as owners grapple with higher costs brought on by tariffs, new data suggests.
“Small businesses don’t have a lot of runway left. They are trying their best to absorb the costs, but if nothing changes, they will be forced to make some tough decisions,” said Corinne Pohlmann, executive vice-president at the Canadian Federation of Independent Business (CFIB).
“The worst outcome for Canada in the trade war is a bad deal, but the second-worst outcome is the never-ending uncertainty small business owners have been wrestling with for the past six months.”
According to the CFIB, nearly one in five (19 per cent) of small business owners report they won’t last more than six months if the tariff status quo remains, and nearly four in 10 (38 per cent) said they would last less than a year.
