Mark Carney

The April 28 Canadian election is closing in and Liberal Mark Carney has built a considerable lead in the polls. He's out with some comments on tariffs:

  • Rules out matching US tariffs dollar-for-dollar
  • Cites Canada's small economy and the need for strategic pressure over symbolic motes
  • New approach targets US industries selectively while minimizing harm to domestic sectors, with exceptions especially for automakers operating in Canada

I'm sensing more of a global shift to this kind of rhetoric. Whether that's fear of American retribution of pragmatism is tough to discern as there are arguments for both.

Source: Forex Live