PBO has projected the government's deficit will be $46.8 billion
Canola is one of the big Canadian exports that would be hurt by tariffs
The policy decision will lower real GDP by $7.9B in 2025, $16.2B in 2026, Conference Board of Canada estimates
The firm sees a Canadian dollar in the 69- to 72-cent range, broadening U.S. stock market in 2025
Feds started assembling outreach plan for the next U.S. administration in early 2024
That compares to an $8.2B deficit recorded over the same period last year
Ontario's premier called the tariff threats serious, unfounded
Trump threatened to impose a 25% tariff on all products from Canada, Mexico
When Trump imposed higher tariffs during his first term, other countries responded with retaliatory tariffs
Tariffs to remain in place until Canada, Mexico stop drugs, people from illegally crossing borders, Trump says