Tariff war negatively impacts Canada's economy and sectors

Canada's economy is feeling pressure as a trade war continues to unfold. Experts are discussing the possible impacts and ways to reduce damage. Former Foreign Affairs Minister Peter MacKay emphasizes that Canada must adapt to the changing global landscape. He believes that survival requires new strategies in how Canada engages with its trading partners. Bill Robson, the CEO of the C.D. Howe Institute, suggests recommendations for the federal government's upcoming budget. He insists that timely and effective policy changes are essential to address the current challenges. Jimmy Jean, chief economist at Desjardins Group, shares insights on the future of the Canadian economy and interest rates. He highlights the uncertainties that could arise depending on how the trade situation develops. Phil Soper, CEO of Royal LePage, discusses the real estate market. He notes that consumer confidence is wavering due to the trade tensions, affecting property sales and prices across the country.