In the news: Tariffs could alter trade permanently, impact Quebec sovereignty debate

A prominent U.S. investment strategist, Peter Schiff, believes that the escalating trade war between Canada and the U.S. could lead to permanent changes in cross-border trade. This could prompt Canadian companies to seek out different markets, investments in logistics and infrastructure becoming more lucrative than returning to the U.S., even after the trade dispute subsides.

A recent poll of economists expects the Canadian economy to expand at an annualized rate of 3.4% in the second quarter, according to LSEG Data & Analytics.