Countdown to PM Carney’s US Trade Deal Promise
27 Days Left!!!
Canadians are losing jobs, homes, and their hard-earned home equity due to the ongoing economic turmoil stemming from the remaining trade disputes with the United States. Our Prime Minister has made a commitment to resolve these disputes within 30 days. With only 27 days remaining until July 16—the deadline set by Prime Minister Carney—I urge everyone on social media to post daily reminders of the days left. Let’s hold our Prime Minister accountable and see if he will keep his pledge to Canadians.
The countdown clock will be located in the upper banner of this blog until the July 16 deadline.
https://x.com/markjcarney/status/1934732929067827637?s=46&t=j-eN3GsLw6wYrkA55zhdGg
Canada’s future is riding on the next 27 days, as PM Carney promises a US deal by then. President Trump has yet to acknowledge such a commitment having been made.
Even if Prime Minister Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.
This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).
Why is a new trade deal to resolve the remaining trade disputes with the US so important?
Because President Trump has said that those countries without a trade deal will get a “Take it or Leave it” letter. Read more at: https://palaceplace.com/breaking-trump-announces-take-it-or-leave-it-letters-to-countries-not-in-negotiations-including-canada/
That could make it so much worse for Canada.
Carney has 27 days left.
This is not a Liberal/Conservative thing.
Canada needs to win with a deal that restores confidence in the economy.
Should Carney succeed, then confidence in the economy will surge. This shift in perception is likely to drive a significant increase in home and condo prices. Now is the optimal time to buy real estate before the market heats up.
Should Carney’s efforts fail, it looks like Canada will be receiving a “Take it or Leave it” letter, which President Trump has recently announced would be issued to countries without a trade deal with the US. The Prime Minister of the UK should be commended for being among the few to seize the opportunity for a trade deal with the US.
Read more:
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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.
