New U.S. tariffs on Canadian goods could put nearly 90,000 jobs at risk across the latter, with losses extending beyond the manufacturers and exporters directly exposed to the 50% duties.
University of Calgary economics professor Trevor Tombe estimates that more than 52,000 jobs are directly at risk if sales of affected Canadian goods to the U.S. fall sharply, while another 35,000 positions could be lost among suppliers and service providers. His analysis, published by the Macdonald-Laurier Institute, puts the total at just over 87,000 jobs and estimates Canada's unemployment rate could rise from 6.4% to about 6.8%.
