Canada is grappling with the repercussions of the tariff war initiated by Donald Trump, which has sent shockwaves through its economy. The imposition of a 25% tariff on Canadian goods and a 10% levy on the energy sector has sparked concerns about inflation and economic instability.

The US markets have been experiencing volatility and a downward trend, largely due to the uncertainty surrounding the tariffs introduced by the Trump administration. The S&P 500 recently closed slightly lower after initially gaining ground,

The relief offers hope that agreements can be negotiated to avoid further trade barriers and offer the business community clarity and certainty.