The Distance From America
According to a recent CBC article our economic relationship with the United States is undergoing a substantial shift. There has been up to 30% reductions in a variety of means of travel to and from the US, approximately $5 billion in additional costs to American consumers as a direct result of Trump's tariffs as well as a substantial shift in Canadian consumer's preferences for Canadian products over those made in America - all of which is making a noticeable impact on those firms selling their goods and services Canada. (https://www.cbc.ca/news/politics/canada-big-step-back-from-us-data-1.7637651) Most importantly for our GDP, businesses are finally seeking contacts in other markets and making sales, which is now showing up in exports to countries other than the United States. The latter has been a featured recommendation in previous blogs along with an explanation of how to effect that transition. This is the way it should be going forward. Travel may rebound eventual...