Prime Minister Justin Trudeau will host a Canada-U.S. economic summit in Toronto this Friday, just days after President Donald Trump temporarily paused his planned tariffs against Canada.
The summit will bring together Canadian trade and business leaders, organized labour, and government officials to discuss strategies for economic growth, reducing internal trade barriers, and diversifying exports.
A key topic will be Trump’s recent executive order imposing 25% tariffs on Canadian goods and a 10% tariff on Canadian energy exports. Although a Monday call between Trump and Trudeau resulted in a one-month delay, uncertainty remains over future trade relations.
The event will also include members of the Council on Canada-U.S. Relations, which has been advising Trudeau on handling bilateral trade tensions.
Experts warn that ongoing trade uncertainty could make Canada a less attractive destination for investment compared to the U.S. Canada had prepared a retaliatory tariff package, but the temporary truce has halted immediate action—for now.
With trade relations on edge, this summit is expected to be crucial in shaping Canada’s economic response and preparing for potential future U.S. trade actions.