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Economic analysts stated that the tariffs would drastically impact the Canadian energy sector due to Canada supplying the United States with 20% of its consumed oil, and providing the heavy crude oil for two-thirds of Midwest oil refineries and 90% of those in Rocky Mountain states.
United States–Canada–Mexico trade war Date February 1, 2025 (2025-02-01) – present (1 month and 3 days) Location United States Canada Mexico Status Ongoing United States tariffs on Canada and Mexico are began on March 4 after both countries negotiated a one-month delay Parties United States Canada Mexico Lead figures Donald Trump Justin Trudeau Claudia Sheinbaum A trade war began between ...
The Economic Blackout refers to a series of 24-hour consumer spending boycotts that took place on February 28, 2025, in the United States, with planned boycotts for future dates including March 28. Organized by The People's Union USA activist group, the protest encouraged Americans to refrain from making any purchases for an entire day.
The reliance on natural resources has several effects on the Canadian economy and Canadian society. While manufacturing and service industries are easy to standardize, natural resources vary greatly by region. This ensures that differing economic structures developed in each region of Canada, contributing to Canada's strong regionalism.
List of Recessions in Canada [2]; Name Start End The Great Depression: April 1929 February 1933 Recession of 1937–1938: November 1937 June 1938 [3]: Recession of 1949
January 24, 2025 – Canadian economic crisis The Canadian Immigration, Refugees and Citizenship department announces a limit of 437,000 study permits for 2025, a 10% reduction from 2024, as part of efforts to address pressures on housing, healthcare, and other public services caused by the country's rapid population growth. January 21, 2025 –
As the site notes: “On March 2, 1699, French-Canadian explorer Jean Baptiste Le Moyne Sieur de Bienville arrived at a plot of ground 60 miles directly south of New Orleans, and named it ...
An economic calendar not only lists daily events, but the volatility levels attached to them. A volatility level refers to the likelihood that a specific event will impact the markets. Economic calendars usually have a three-scale volatility gauge. If an event has a level one volatility, it is not expected to significantly affect the markets.