#canadian-economy

#canadian-economy

It was a rough week for the Canadian economy. GM laid off 500 workers at a plant in Oshawa, Ont. New threats from the White House targeted Canada's aerospace industry. And Statistics Canada announced its preliminary estimates show gross domestic product contracted in the fourth quarter of last year. Looming over all that bad news is a question about how much and how quickly Canada can realistically expect to diversify its exports.

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Nine provinces and one territory have signed an agreement to allow direct-to-consumer alcohol sales by next spring, enabling Canadians outside Newfoundland and Yukon to order alcohol from producers in other provinces.

The CEOs of Canada's top three automakers requested the elimination of the federal zero-emission vehicle (ZEV) mandate, claiming it threatens jobs and companies amid U.S. tariffs.

"The imposition by the U.S. of tariffs on Canada has underscored the urgency to quickly address longstanding barriers that have fragmented our economy and limited opportunities for Canadians."