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- cross-posted to:
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- politics
- news
Summary
Ontario Premier Doug Ford warned that Canada could cut electricity exports to the U.S. in retaliation for Donald Trump’s new tariffs on Canadian goods.
The U.S. imposed a 25% tariff on most Canadian imports, citing border security concerns. Ford emphasized that U.S. states like New York and Michigan rely on Canadian energy and should “feel the pain.”
Canadian officials also announced $155 billion in counter-tariffs.
If enacted, energy restrictions would likely raise prices in the U.S., escalating trade tensions between the two countries.
Is it too much to hope this little spat somehow crashes the housing market and this generation can finally own a home? that would be so cool.
Yeah… unfortunately everyone’s pay check will also tank so you still won’t be able to afford it.
“Bread was a nickel a loaf, but nobody had a nickel.”
-old man when asked about the great depression
Sadly, it would probably crash all of the markets, meaning no one would be able to afford a home because nobody has a job.
It’s nearly universally too much to hope for capital to fail. In Canada, the CMHC and the BoC would make every effort to ensure that housing would not depreciate in value; if you want, you can think of it as essentially their job to make sure you stay a poor renter if you’re under 50.