Steve Verheul, Canada's former top trade negotiator, recently told the Public Policy Forum's Canada Growth Summit that the current atmosphere is similar to the tensions during the first Trump administration after the president tore up the North American Free Trade Agreement, which was replaced by CUSMA.

Canada faces a summer of shortages even after Mark Carney's victory, and the story behind it is more serious than it first seems. With U.S. President Donald Trump imposing steep tariffs on Canadian goods,