Canadian economists propose an unlikely solution to Canada's economic woes: a second term for Donald Trump. While Trump's trade policies and political influence have been detrimental in the past, some argue his return could force Canada to address deep-seated structural issues hindering its productivity, growth, and wages. Canada faces challenges like rising unemployment, soaring household debt, and stagnant wages, leaving its population vulnerable.
Canadian economists believe there could be an unusual solution to the problems befalling the G7 economy: Donald Trump ’s return to the White House. The US president-elect might have already threatened a blanket 25 per cent tariff on all exports from its northern neighbour and played a role in the resignation this month of finance minister Chrystia Freeland.
“We need restrained government spending, widespread tax reform and an improved investment climate beginning with, among other policies, reversing the recent capital gains tax hike, for large profits on asset sales, and phaseout of accelerated depreciation,” he said. Productivity and innovation — the twin pillars that have helped the US economy race ahead of its G7 counterparts in recent years — have become a sore point for Canada.
Economics CANADA ECONOMY DONALD TRUMP G7 TRADE
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