Canadian and American flags fly near Ambassador Bridge at the Canada-U.S. border crossing in Windsor, Ont., on March 21, 2020. The Canadian Press/Rob Gurdebeke
“Some resilience”—those were the two words Bank of Canada governor Tiff Macklem used last week to describe how the Canadian economy is holding up under the weight of U.S. tariffs.
Just a few days later, U.S. President Donald Trump added 35 percent tariffs on Canadian goods to a running tally that includes hefty duties on steel, aluminum, automobiles and, more recently, semi-finished copper.
