Reported 1 day ago
US tariffs on steel and aluminium, now reaching 50%, pose a significant risk of job losses in Canada's metals industry, which is the largest supplier to the US market. The Aluminium Association of Canada and Unifor, the private sector union, express concerns over immediate impacts, with potential layoffs anticipated in various sectors, including auto and aerospace. In response, companies may diversify to Europe, while Canada's Prime Minister has indicated readiness to retaliate if negotiations with the US do not yield positive results.
Source: YAHOO