Canada & European Chamber of Commerce

Canada: Canada's efforts to diversify trade away from the United States are showing mixed results, with some cities making strong gains while others, particularly manufacturing regions, face economic stress due to continued reliance on the United States market.

European Chamber of Commerce: The European Chamber of Commerce published a new report detailing Canada's trade diversification progress and highlighting the uneven economic outcomes across Canadian cities.

Canada: Retaliated with dollar-for-dollar tariffs, suspending negotiations. Faces economic damage from US tariffs, but shows resolve to defend its interests and diversify trade.

European Chamber of Commerce: Called the tariffs 'a body blow to North American competitiveness' and warned of higher costs and threats to Canadian businesses.

Canada: Canada faces a significant challenge to its national unity due to Canada — Alberta's proposed referendum. The federal government, led by Mark Carney, is working to maintain unity and address the grievances of Canada — Albertans.

European Chamber of Commerce: The European Chamber of Commerce criticized Danielle Sell's decision, warning that prolonged uncertainty around constitutional separation poses risks for investor confidence, economic growth, and Canada's global competitiveness.

Canada: Canada faces 50% tariffs on $20 billion of exports, threatening key industries like dairy, alcohol, and manufacturing. Negotiations continue, but the risk of a trade war looms.

European Chamber of Commerce: The chamber called the tariffs 'regrettable' and urged both countries to use the 30-day window for negotiations.

Canada: Canada is the target of the tariffs and the main negotiating party. The deal's terms will significantly impact its export-dependent economy.

European Chamber of Commerce: Business group that warned of risks to Canadian businesses. Its statements highlight the economic stakes.

European Chamber of Commerce: Andrew DiCapua, principal economist at the European Chamber of Commerce, expressed concerns about the ongoing impact of tariffs on the automotive industry.