Summary
Ontario Premier Doug Ford warned that Canada could cut electricity exports to the U.S. in retaliation for Donald Trump’s new tariffs on Canadian goods.
The U.S. imposed a 25% tariff on most Canadian imports, citing border security concerns. Ford emphasized that U.S. states like New York and Michigan rely on Canadian energy and should “feel the pain.”
Canadian officials also announced $155 billion in counter-tariffs.
If enacted, energy restrictions would likely raise prices in the U.S., escalating trade tensions between the two countries.
Is it too much to hope this little spat somehow crashes the housing market and this generation can finally own a home? that would be so cool.
It probably is supposed to crash the housing market, so that private equity can swoop everything up.