Canada's retaliatory tariffs as a permanent policy tool are economically counterproductive and may slow the implementation of climate initiatives.

New England is particularly reliant on fuel and other energy imports from Canada. Trump imposed a 10% tariff on that sector, instead of the full 25% tax other industries are facing. But experts say even that additional cost is still likely to be passed on to consumers.

Canada is facing uncertainty around trade with the US, but what does it mean for the economy, interest rates and the loonie? Derek Burleton, VP and Deputy Chief Economist, TD, discusses.