Part 11/13:
Beyond tariffs, the nationalistic backlash persisted, with Canadians boycotting U.S. goods—a symbolic blow reflective of the tension. Although recent negotiations have yielded some concessions, the overarching dependence on the U.S. leaves Canada's economy exposed to geopolitical volatility and trade uncertainties.
A House of Cards Built on Complacency
The common thread tying these factors together is a profound complacency rooted in Canada's historically stable and resource-rich economy. For years, policymakers opted to ride the wave of natural resource wealth and moderate growth, neglecting reforms needed to address structural deficiencies.