Despite the U.S. and Canada coming very, very close to a concord on trade, it fell apart at the 11th hour.
The result? 50 per cent tariffs on more than $28 billion worth of Canadian exports. And Canada pledging dollar-for-dollar retaliation.
Now, there is still reason to believe this might be temporary. Both sides get hurt in a trade war. Canada more so, obviously, just given our relative size as compared to the U.S. market.
