Canada 'will stand up to a bully', says Mark Carney

Published On Jan 31, 2025, 8:52 PM

Mark Carney, a leading candidate for the Canadian Prime Minister position, has stated that Canada will retaliate against the 25% tariffs imposed by the U.S. on Canadian imports, declaring that "we are going to stand up to a bully." He highlighted the potential economic damage these tariffs could inflict on the U.S. economy, including inflation and growth issues. Additionally, Carney is running for leadership in the upcoming election to replace Justin Trudeau, who is stepping down. As economic tensions escalate between Canada and the U.S., the market's response may be volatile, particularly for sectors involved in trade.