Canada To Lose 90,000 Jobs From Trade War: Brace For 'Economic Pain' | Trevor Tombe

Summary

This interview examines the US-Canada trade war after US 50% tariffs on C$20 billion of Canadian imports and Canada's dollar-for-dollar retaliation. Economist Trevor Tombe estimates the US tariffs could cost Canada about 90,000 jobs and slow GDP/employment growth by about 0.4%, while Canada's retaliatory tariffs add to consumer prices. The discussion covers why negotiations broke down, whether retaliation makes sense, energy export risks, and the need for Canadian tax and regulatory reform. The video also includes a sponsored segment presenting bullish gold price targets and profiling GoldGroup Mining.

• US imposed 50% tariffs on $20 billion of Canadian imports, and Canada retaliated with 50% tariffs.
• Trevor Tombe estimates about 90,000 Canadian jobs at risk from direct and supply-chain effects, slowing GDP/employment growth by about 0.4%.
• British Columbia has the largest export share hit, while Ontario faces the largest raw job losses.
• Canada's economy is flatlining and about 2% smaller than it would have been on its pre-2025 trend.
• Tombe argues Canadian retaliation is counterproductive and warns energy export cuts would harm Canada far more than the US.
• He advocates tax, regulatory, and interprovincial trade reforms to improve Canadian investment and productivity.
• The sponsored segment presents institutional gold targets as high as $10,000 by decade end and profiles GoldGroup Mining as a producing gold/silver company.