Justin Trudeau

Money Moves

Resigned as Liberal Party leader; no longer in office

Sixteen months ago, Canada and India had no ambassadors in each other's capitals. Ottawa had accused New Delhi of orchestrating the assassination of a Canadian citizen on Canadian soil, and both countries expelled six of each other's diplomats in a single day. On March 2, 2026, Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi signed five agreements worth $5.5 billion, launched free trade negotiations, and set a target of increasing bilateral trade from $9 billion to $50 billion by 2030.

Updated Mar 2

Rule Changes

Resigned; out of politics

For three decades, the United States and Canada operated under free trade agreements that made their border the world's busiest commercial crossing, with nearly $2.7 billion in goods flowing between them daily. That era ended on February 1, 2025, when President Trump imposed 25% tariffs on Canadian goods. One year later, America's effective tariff rate has climbed to 16.9%—the highest since the Smoot-Hawley Tariff Act deepened the Great Depression in 1932.

Updated Jan 31

Rule Changes

Resigned January 2025

Canada followed the U.S. in imposing 100% tariffs on Chinese electric vehicles in October 2024. Seventeen months later, Prime Minister Mark Carney flew to Beijing and cut them to 6.1%—the first explicit break with American trade policy since Trump began his tariff offensive. The deal allows 49,000 Chinese EVs into Canada annually in exchange for China slashing canola tariffs from 84% to 15%, unlocking $3 billion in agricultural exports. The quota rises to 70,000 vehicles over five years, with half reserved for models under $35,000 CAD by 2030. Chinese automakers BYD and Chery have already met with Canadian officials about building production facilities on Canadian soil.

Updated Jan 31