Published 1 hour ago • loading... • Updated 1 hour ago
In the news: Tariffs could alter trade permanently, impact Quebec sovereignty debate
Peter Schiff says new partnerships and logistics investments could leave Canada trading less with the United States even after tariffs ease.
U.S. investment strategist Peter Schiff warned that the intensifying trade war between Canada and the United States could permanently alter cross-border commerce.
New tariffs and the increasing unreliability of the U.S. as a trading partner are prompting Canadian companies to seek out different international markets, Schiff said.
In Montreal, 27-year-old Charles Rousseau expressed concerns that the tariff conflict dominates political discourse: "What has really dominated political discourse lately is inflation, the cost of living," he said.
Efforts to reduce interprovincial trade barriers have ramped up recently, with nine provinces agreeing last month to allow direct-to-consumer alcohol sales across provincial lines.
Once Canadian companies invest in logistics and infrastructure for new markets, it may be more lucrative to remain there rather than return to the United States after the dispute cools.