Canadians are well aware of the damage U.S. President Donald Trump has inflicted on this country by signing off on tariffs targeting about $27.6 billion in Canadian products.
But thanks to his unsuccessful management of the Iran war, Trump’s other hand is effectively writing cheques to the Canadian economy, drawing on funds paid by U.S. consumers at the gas pump.
In fact, the extra money now flowing into Canadian coffers — for context, Canada supplied the U.S. with more than 60 per cent of its crude oil imports last year — will go a long way to making up tariff losses, and could end up more than compensating for them.
