After assurances of a forthcoming deal and on the verge of what would have been the path to economic certainty, Canada has opted to strike at the US “tariff for tariff, dollar for dollar”, as it suspends trade talks with the US at the last minute.
Amidst record-high job losses, insolvencies, and foreclosures, Canada has put 2.5 million jobs at risk, as it foolishly tries to outmaneuver the world’s largest economy, which purchases over 75 percent of Canada’s exports.
We have not even heard from President Trump yet, and we know that will not be pretty.
As we have maintained since April 2025, the Canadian economy would gain significant stability from a robust trade agreement with its largest trading partner, provided the government can overcome its ineffective negotiation efforts. The entire 16-month ordeal has been a litany of missteps and a masterclass in unnecessary escalation. Canada’s threatening to shut off power to US homes, pulling American alcohol off shelves, running the ill-fated Reagan ad campaign, flip-flopping on the DST, cozying up to China on EVs, and endless attacks on our biggest customer, the one country that buys over 75 percent of our exports, only hurt Canada and delayed the inevitable.
Perpetual, compounding uncertainty is the new norm. Buckle up.
Read the history of these events here:
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.
View all current and past Palace Place listings for sale here.