Canadians want their prime minister to take a tough stand and not sign a bad trade deal with the US. However, the breakdown of negotiations and the escalation of the tariff war will mean that costs will follow. The US imposed new 50% import tariffs on hundreds of Canadian goods on Saturday, including furniture, plastic products, plywood, and electrical equipment. Such a high tax rate could cut the access of some Canadian businesses to the world's largest markets. Trevor Tombe, an economics professor at the University of Calgary, estimates that if the new tariffs continue, Canada could lose 90,000 jobs, or about 0.4% of the Canadian workforce. The market reaction was that the Canadian dollar fell sharply against the US dollar after the opening of the Asian trading session on Monday. An online survey conducted by the Angus Reid Institute since the negotiations broke down showed that three-quarters of Canadians supported Carney's decision to withdraw from the negotiations. However, 38% of respondents are concerned that this game will affect their jobs, and 89% worry that it will increase the cost of living.

Canadians want their prime minister to take a tough stand and not sign a bad trade deal with the US. However, the breakdown of negotiations and the escalation of the tariff war will mean that costs will follow. The US imposed new 50% import tariffs on hundreds of Canadian goods on Saturday, including furniture, plastic products, plywood, and electrical equipment. Such a high tax rate could cut the access of some Canadian businesses to the world's largest markets. Trevor Tombe, an economics professor at the University of Calgary, estimates that if the new tariffs continue, Canada could lose 90,000 jobs, or about 0.4% of the Canadian workforce. The market reaction was that the Canadian dollar fell sharply against the US dollar after the opening of the Asian trading session on Monday. An online survey conducted by the Angus Reid Institute since the negotiations broke down showed that three-quarters of Canadians supported Carney's decision to withdraw from the negotiations. However, 38% of respondents are concerned that this game will affect their jobs, and 89% worry that it will increase the cost of living.