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Weekly Update for the week ending June 20, 2025

When Giants Talk Trade, Canada Feels the Impact

Last week, I discussed the build-up to the China – US trade war and what each side is hoping to get from a deal. After tensions flared this spring, complete with sweeping tariffs and tech restrictions that rattled global markets, the two countries agreed to a temporary truce and resumed negotiations. There’s now a draft framework deal on the table, but it’s more of a ceasefire than a peace treaty. Still, even a partial deal could shift the global economic outlook – and that matters a lot to Canada.