8 d. ago
Ways Canadians can be more financially savvy amid tariffs and economic uncertainty
The tariffs against Canada have plunged the country into economic uncertainty.U.S. President Donald Trump officially slapped 25 per cent tariffs on all products from Canada and Mexico, including the 10 per cent tariffs on energy, on Tuesday.Since then, stock markets in the U.S. and Canada have continued to fall as Canadian businesses brace for the impacts of the trade war.In a press conference Thursday morning in Ottawa, Prime Minister Justin Trudeau was candid about the current situation."I can confirm that we will continue to be in a trade war that was launched by the United States for the foreseeable future," he said.So, what does this mean for the finances of everyday Canadians?Natasha Macmillan, director of everyday banking at Ratehub.ca, shared advice on how Canadians can prepare for a potential economic fallout and strengthen their finances.Build your emergency fundShe says your main priority should be building up your emergency fund if you're wo...
Economics
