Summary of Findings:
A tariff on all Canadian imports to the United States would have serious consequences for the Canadian and BC economies.
A 25% tariff would push both the Canadian and BC economies into recession. The impact could be compounded by a broader trade war and retaliatory tariffs by Canada.
Under the most likely scenario, the BC housing market would see a temporary decline in activity before posting a robust recovery as mortgage rates decline substantially, thereby unleashing pent-up demand....
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