Which Canadian industries will thrive amid U.S. tariffs? | Jan 13, 2025 | Naveen Day | BCN

[@wocookie2277]

The entire American oil refinery capacity is mostly based on Canadian oil. Couple of years to retool to eliminate Canadian oil. Pot ash, aluminum, uranium, among many other commodities. We have way more trade agreements, and we are diverse. As a G7 country we can and must diversify on where we trade. Since our situation has changed with our partner. Let’s move away from this relationship before it becomes more abusive. We do have allies besides the US.

[@jomo4435]

Canada discounts our oil $14.50 a barrel already, ...loose the discount for starters

[@Kurts-Farm]

Canada can sell their oil and minerals/metals to China as well as Natural Gas to China and Europe. This would hurt the USA directly by needing to find alternate cheap source and help their largest economic threat (China).

[@StephenRoss-po1rp]

Food banks will boom Tent sales will go up Two growth industries

[@ChristianPena-ob3ke]

You forgot Private Security companies and Security Guards positions are booming. Collection agencies, dollarama are also thriving

[@dangal9366]

I've already stopped buying anything from the US. Including the grocery stores. No more US fruits and vegetables for me.

[@SherriFlemming]

Good idea.

[@wendychaput4777]

Guess your on one helluva diet!

[@polishtheday]

I’ve been doing this for several years. Except for having to pass up some deals a few times, it hasn’t been a problem. People don’t realise how much food Canada produces and how many of our fruits and vegetables come from the countries other than the U.S. We grow tomatoes, lettuce and other vegetables year round in hothouses. Frozen vegetables are grown and packaged here. Add to that dairy, meat, poultry and seafood plus basics like flour, tea, coffee.

[@polishtheday]

@@wendychaput4777Exactly which real foods can you only get from the U.S.?

[@tammyhaase7933]

@@polishthedayyes support local when you can...

[@Caviarmaker]

Take away Mr. Trumps negotiation cards and let him sink or swim if he installs Tariffs. Time to be reactive rather than proactive.

[@jonathanbelanger6574]

We've been doing the chicken thing in town and garden vegetables for 3 years now , lots of canning too, not that hard

[@presspound7358]

If car maintenance becomes an impressive performer, that just confirms that we’re screwed. That’s what being taken hostage looks like.

[@albertalakeland]

Time for those victory gardens with the family cow and chickens in the backyard.

[@polishtheday]

Except for some imported cheese and maybe yoghurt, all our dairy is from Canada. The same goes for chicken. Canada exports seafood, beef and grains. We grow lettuce, tomatoes and peppers in hothouses and on rooftops. Besides, cows produce too much milk for most families and are expensive to feed and maintain. I’d recommend goats, probably a very small one for a couple and can do fine even in a small backyard. They’re also very social so you’ll need a second one. Forget about vacations and plan on being home twice a day, unless you have a neighbour willing to do the milking.

[@TerryConspiracy420]

*Mark Carney* has a long history as a *World Economic Forum* activist, He is committed to seeing... *WEF/UN Great Reset Agenda 2030* success.

[@SherriFlemming]

Indeed. Any liberal replacement is another Trudeau. Same ideologies.

[@georgek3398]

@@SherriFlemmingthat’s your opinion, in my view I rather have an economist than a slogan pusher

[@polishtheday]

What exactly are you trying to say with this muddled thinking?

[@paulburton8264]

At this point the Liberals could run Mother Teresa it would not make a difference and any intelligent person would know to stay away from this train wreck. Carney, well not so smart. This Liberals have kicked, insulted, lied and disrespected the Canada taxpayer for the last 9 years while at the same time doing nothing but funding money into their favorite self interest groups. It is time to pay and the Liberals are going to pay dearly. Brian Mulroney to Kim Campbell anyone? Common everyone loves watching a good train wreck when the so called intellectual elites are to obtuse to see what everyone else does.

[@JohatsuMajority]

Good reporting personality

[@johnarthur6180]

DON'T BUY US GOODS.

[@cathybrown2257]

Boycotting Motts, Silk and any other products made in the US.

[@jefftruong8075]

This is a difficult time for Canada but Canada will thrive through as we are a nation of respects, freedom and opportunities.

[@garylcampbell9964]

Trump looks like Walter the puppet.

[@carolmckissock8366]

the problem for BC is that much of our farmland has been sold to China! I'm already reading labels making sure what I purchase is made in Canada or somewhere other than China and the US

[@ElainEmail-m7q]

Who pays the tariffs? Can the experts explain the tariff calculations line by line, who pays what, and who receives what .... that can ease off the thousands of confusions and questions in everyone's mind.

[@erneumann3136]

Good interview.

[@randydupere7787]

How about our government prepares for it and figure out how to go forward without depending on the states like countries all around the world are. The US is in a downward spiral and Trump will make it worse. I don’t want to hitch my wagon to that mess. Trump will either cut government spending and increase unemployment or print money and drive up inflation. Use his first term as an example if you can remember that.

[@angryanne]

Daniel Smith should step down she is a disgrace

[@MercedesWinner-m2x]

Thanks for the analysis! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?

[@hillbillybeerdranker6678]

Come on ya'll, lets just merge the two countries.

[@georgek3398]

No thanks

[@boylston418]

Great idea, combine currencies and have an economic union.

[@WilliamTraviss-p7w]

Choices stick with the liberal government and become the first global state Go with the USA and become the 51st state Vote in the conservative government and try and rebuild Canada as it was

[@bc9554]

@@WilliamTraviss-p7w1)stick with liberals: get infinite Indians 2) join the US: get infinite Indians 3) vote CPC: get infinite Indians There is no winning for Canadians. Y’all are checkmated

[@johnarthur6180]

Like the club of rome agenda world of10 regional governments (1973). Now UN policy.

[@twfaber1152]

Love Danielle she’s amazing we become part of USA or China takes over what do u choose ?

[@rce8540]

USA all the way.

[@michaelpowell4925]

Mostly likely if canada dosent join! Then canada will be indebted to china & india

[@dangal9366]

Neither

[@freebolt5913]

China is looking better and better.

[@johnwinner8511]

Why so dramatic! If the tariffs go thru which it sounds like will happen. It be the catalyst Canada needs to statt find other trade markets. Trump really not good friend to Canada we be better to wait for smart president to trade with.

[@ChessWell17]

50% tarif import here in Canada will be a good thing to Musk ego !

[@johnkrivak216]

Investments? Sorry didn't realize this targeted at wealthy people

[@perrycomeau2627]

Steel with pink shoe lases.

[@polishtheday]

A strange definition of stagflation.

[@SocPrimers]

I stroll thru Superstores and Walmarts, and notice most produces, and goods came from South America coutnries and Asia countries...very few from US..... so we Canadian are saved. We just keep ourselves in good mood and give US a break. They are suffereing alot ..mistakely elect Trump for a standup-comedian.

[@Alex_Plante]

If the USA levies a general 25% tariff against all imports, the rest of the world will retaliate by levying a similar tariff against the USA. What this means is that specialized US manufacturers that make unique products (think Boeing or companies that make specialized industrial equipment) will want to set up branch plants that are outside the US tariff wall. They will want plants in the US for the US market, and outside the US for selling to the rest of the world. This is an opportunity for Canada, to seek out those US exporters that will want to set up plants outside the US to service the non-US market. Another opportunity is server farms, which will grow with the development of AI. Server farms use a lot of electricity, and Canada has cheaper electricity than the US and a greater ability to expand electricity production than the US (think hydropower expansion in BC, Quebec & Newfoundland and nuclear expansion in Ontario). A US company with large servers (think Facebook or Google), if they imported electricity from Canada, would have to pay a 25% tariff on the electricity, but if they located the server in Canada, what's the tariff on data? Zero. Another opportunity is exports of commodities to the rest of the world. The value of the Canadian dollar will probably fall as a result of the US tariff, but this makes Canadian commodities more competitive in European and Asian markets. We need to invest in the infrastructure required to esport more commodities overseas (and to process them more in Canada). So there are plenty of opportunities, once you put your mind to it.

[@grottu]

US aint really exporting much. They moved most plants out of country (even John deere moving to Mexico this year). EU doesn't want American food or farm products due to strict regulations and definitely don't want cars due emission standards. Last time Trump was in charge he "offended" China what was taking huge amount of grains....not that much anymore. They don't have much more things or places to export their stuff

[@polishtheday]

Excellent points, though we need to be careful about allowing companies to set up server farms and AI data centres as there have been problems with these taking up so much capacity that they’ve shut down the grid. Instead we might start building more Canadian CANDU reactors to provide more power first. With the right financing in place, and only governments have the ability to do this fast, it could only take three to five years, a short time for big power projects.

[@polishtheday]

@@grottuThe U.S. exports more services than any country I can think of. Where do you think Google, Amazon and Netflix are located? What about many of the major financial services companies? What percentage of GDP is goods and what is services? Don’t make Trump’s mistake and think our modern economies are all about making just material things. This is not the 1950s.

[@grottu]

@polishtheday services, yes...products? Not that much anymore

[@crazycrazy8236]

If Canadá stop se din oil and gas to the US an sale it to europe at a Better PRI es... The déficit Will change.... The others way....

[@aldyendonnelly1033]

Farmland does NOT love stagflation. Predatory VCs LOVE farmland during periods of stagflation. During stagflation, food producers' margins shrink (often as food retailers'margins increase, until there is a market crash). Passive investors rw able to buy frmland at large discounts to real value, due to thebpressure on producers' margins. These passive investors are not buying farmland to continuebto peoduce food. They are byying farmland at discount prices to take it out of food production. Our economybis in the tank because passive (as opposed tl active) investment is all these guys do, now.

[@TerryConspiracy420]

Words, words, words... Lets have a serious conversation about *Pierre Poilievre* inviting the 50 American States to become Provinces, and create a great new country that blends the best of our shared values for both our great nations as... . **NEW CANADA!** Lets have a serious conversation about a new nation with 60 Provinces, 3 Territories, and a great new Capitol City, right in the geographical heart of Turtle Island. Home of the 2025 Stanley Cup... . **WINNIPEG!** When America is willing to trade their Walleye for our Pickerel, we can get that serious conversation, started.

[@boylston418]

Who invests in Canada. All my investments are offshore or in the great USA.

[@nothingham4742]

Invest in dollarama stocks LOL