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Trump’s steel and aluminum tariffs could rattle Canada’s economy and Nafta

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There's never a good time for a trade war, but for Canada, the announcement of possible tariffs on steel and aluminum imports comes at a particularly difficult moment for the country.

The Great White North is currently engaged in what's become a bitter battle over NAFTA's future, and it was announced Friday that its GDP grew at 1.7 percent in the fourth quarter, much slower than the 4 percent it was growing at previously. Its stock market is down 5 percent year-to-date and is flat over the last 12 months.

After aerospace-related trade flare ups, fights over softwood lumber and Donald Trump's continuous verbal jabs at the country, the last thing Canada needs now is to get into another cross-border brawl.

"Canada seems to get kicked when they're down," said Barry Schwartz, vice-president and chief investment officer at Baskin Financial Services, a Toronto-based wealth management firm. "We're dealing with so many things at the same time and Canada hasn't even done anything wrong."


 Source :- cnbc










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