U.S. President Donald Trump’s threats to tax imports from Canada have begun hurting exporters and other domestic businesses. A new study conducted by the Canadian Federation of Independent Business (CFIB) found that 34% of small and medium-sized exporters are experiencing order cancellations and delays. Among all businesses surveyed, 18% said the same.<\/p>\n
Trump announced plans on Thursday to slap additional tariffs on imports from countries that tax American exports<\/a>. The move comes as Canadians ready themselves for a range of tariffs on Canadian goods shipping into the U.S.<\/p>\n
On Wednesday, the central bank released a summary of its discussions<\/a> leading up to the Jan. 29 overnight rate cut, to 3%. Trade uncertainty played a major role.<\/p>\n