Beyond Tariffs: How Canada Could Be Impacted by Trump’s Day 1 Changes

News Analysis Canada could be affected by a lot more than merely potential tariffs as U.S. President Donald Trump kickstarted his plan for America with a slew of actions on Day 1 of his mandate. Canada’s economy has not kept up with that of the United States in recent years, with lower productivity and an ever-growing gap between the two countries in GDP per capita—a key indicator measuring prosperity. Trump has now laid a path that could leave Canada further behind when it comes to attracting investors, by shedding regulation, reducing bureaucracy, and unleashing energy production. At the same time, Canada could stand to benefit from a hotter U.S. economy, and Prime Minister Justin Trudeau made the pitch this week that Canada could contribute to America’s coming “golden age,” as described by Trump in his inaugural address. Trudeau said Canada can provide affordable resources such as energy and critical minerals. Ottawa has promoted critical minerals development as part of its plan to transition away from hydrocarbons....