Trump may waver on NATO, but Canada’s 5% commitment isn’t going anywhere – and it could cost $150 billion. The question is: how do we pay for it? Colin Busby and Nicholas Dahir lay out a path forward that avoids piling on debt. Read the report: https://cdhowe.org/publication/a-steep-climb-financing-canadas-nato-commitment-while-maintaining-fiscal-discipline/
Trump may waver on NATO, but Canada’s 5% commitment isn’t going anywhere – and it could cost $150 billion. The question is: how do we pay for it? Colin Busby and Nicholas Dahir lay out a path forward that avoids piling on debt. Read the report: https://cdhowe.org/publication/a-steep-climb-financing-canadas-nato-commitment-while-maintaining-fiscal-discipline/
The United States trade surpluses with Canada in autos, other finished manufactured goods such as machinery, and services such as tourism, all shrank in 2025, reflecting the costs to US industry of the sharp increase in trade barriers between the two highly integrated economies. The chart also illustrates that the United States registers a deficit […]
From: Christopher WorswickTo: Concerned CanadiansDate: March 3, 2026Re: Hold the Outrage and Just Buy the F-35s Canadian anger toward Donald Trump is understandable, but there is a real risk that this leads to poor policy choices. A case in point is the growing pressure to revisit the decision to buy a fleet of American F-35 fighter […]
Published in The Globe and Mail. Canadian anger toward U.S. President Donald Trump is understandable, but there is a real risk that this leads to poor policy choices. A case in point is the growing pressure to revisit the decision to buy a fleet of American F-35 fighter jets. In economics, we think that governments should set policy […]
From: Lawrence Herman To: Trade observers Date: February 19, 2026 Re: CUSMA Review Talks Could be Bridge to Nowhere, or Worse Donald Trump’s latest threat – holding the opening of new Windsor-Detroit bridge to ransom – shows how far Canada-US relations have deteriorated. This aggressive bullying won’t stop and is likely to spill into the review of the Canada-United States-Mexico […]
Published in The Globe and Mail. U.S. President Donald Trump’s latest threat to block the opening of the Gordie Howe International Bridge shows how far Canada-U.S. relations have deteriorated. The $6.4-billion second link between Windsor and Detroit, funded by Canada, is supposed to open this year. Then Mr. Trump said on Monday: “I will not allow this bridge […]
To: Bank of Canada observersFrom: Don DrummondRe: Rosy Free Trade Assumptions Hobble Bank of Canada Projections Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and […]
From: Ed Devlin and Dane RowlandsTo: Trade war observersRe: Analyzing that Davos Speech Through a Financial Market Manager’s Lens Mark Carney’s China deal that sees tariff reductions on Canadian canola products, lobster, peas and crabs in exchange for allowing 49,000 electric vehicles to enter Canada, signaled a clear plan to diversify trade away from the United […]
From: Lawrence HermanTo: Trade war watchersRe: The Unheralded Protection Against Unfair Chinese EV Pricing Donald Trump has threatened Canada with 100-percent, across-the-board tariffs because Canada has agreed to allow 49,000 Chinese EVs to enter at reduced tariffs in return for the removal of duties on canola and other Canadian agrifood products. This latest eruption is, […]
Canada exports more research and development (R&D) services than it buys from abroad, while paying significantly more than it receives for the use of intellectual property (IP) (e.g., royalties or copyrights) derived from R&D. In contrast, the UK or US both export research services and receive net payments for the use of their IP abroad, […]
From: Jeff Mahon and Wolfgang AlschnerTo: Prime Minister Mark CarneyDate: January 13, 2026Re: Delivering a Successful China Mission Canada is at a turning point, embroiled in trade conflicts with our two largest trading partners, the United States and China. These two conflicts are interconnected: How we solve one will have ramifications on the other. Canada […]
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Trump may waver on NATO, but Canada’s 5% commitment isn’t going anywhere – and it could cost $150 billion. The question is: how do we pay for it? Colin Busby and Nicholas Dahir lay out a path forward that avoids piling on debt. Read the report: https://cdhowe.org/publication/a-steep-climb-financing-canadas-nato-commitment-while-maintaining-fiscal-discipline/ 
The United States trade surpluses with Canada in autos, other finished manufactured goods such as machinery, and services such as tourism, all shrank in 2025, reflecting the costs to US industry of the sharp increase in trade barriers between the two highly integrated economies. The chart also illustrates that the United States registers a deficit […] 
From: Christopher WorswickTo: Concerned CanadiansDate: March 3, 2026Re: Hold the Outrage and Just Buy the F-35s Canadian anger toward Donald Trump is understandable, but there is a real risk that this leads to poor policy choices. A case in point is the growing pressure to revisit the decision to buy a fleet of American F-35 fighter […] 
From: Lawrence Herman To: Trade observers Date: February 19, 2026 Re: CUSMA Review Talks Could be Bridge to Nowhere, or Worse Donald Trump’s latest threat – holding the opening of new Windsor-Detroit bridge to ransom – shows how far Canada-US relations have deteriorated. This aggressive bullying won’t stop and is likely to spill into the review of the Canada-United States-Mexico […] 
Published in The Globe and Mail. U.S. President Donald Trump’s latest threat to block the opening of the Gordie Howe International Bridge shows how far Canada-U.S. relations have deteriorated. The $6.4-billion second link between Windsor and Detroit, funded by Canada, is supposed to open this year. Then Mr. Trump said on Monday: “I will not allow this bridge […] 
To: Bank of Canada observersFrom: Don DrummondRe: Rosy Free Trade Assumptions Hobble Bank of Canada Projections Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and […] 
From: Ed Devlin and Dane RowlandsTo: Trade war observersRe: Analyzing that Davos Speech Through a Financial Market Manager’s Lens Mark Carney’s China deal that sees tariff reductions on Canadian canola products, lobster, peas and crabs in exchange for allowing 49,000 electric vehicles to enter Canada, signaled a clear plan to diversify trade away from the United […] 
From: Lawrence HermanTo: Trade war watchersRe: The Unheralded Protection Against Unfair Chinese EV Pricing Donald Trump has threatened Canada with 100-percent, across-the-board tariffs because Canada has agreed to allow 49,000 Chinese EVs to enter at reduced tariffs in return for the removal of duties on canola and other Canadian agrifood products. This latest eruption is, […] 
Canada exports more research and development (R&D) services than it buys from abroad, while paying significantly more than it receives for the use of intellectual property (IP) (e.g., royalties or copyrights) derived from R&D. In contrast, the UK or US both export research services and receive net payments for the use of their IP abroad, […] 
From: Jeff Mahon and Wolfgang AlschnerTo: Prime Minister Mark CarneyDate: January 13, 2026Re: Delivering a Successful China Mission Canada is at a turning point, embroiled in trade conflicts with our two largest trading partners, the United States and China. These two conflicts are interconnected: How we solve one will have ramifications on the other. Canada […]