British Columbians awoke Tuesday to a new economic reality with its largest trading partner after the Americans imposed wide-reaching tariffs on their northern neighbours early in the day.
“Exposure to U.S. trade varies across the country, and so will the impact,” BMO chief economist Douglas Porter said in a note following the imposition of tariffs.
“B.C. carries a relatively low share of goods exports in its economy, and roughly half of those are destined for markets outside the U.S.”
But he said some industries – particularly forestry – will come under “duress.”
“We expect the economic impact to hit hardest in Ontario and the rest of Central Canada, significantly
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