After threatening Canada with tariffs and urging it to become America's 51st state, Trump's attacks have spurred a wave of Canadian pride.

Bank of Canada Governor Tiff Macklem said on Thursday a policy shift in the U.S. was causing uncertainty and President Donald Trump's tariff threats were already impacting businesses and households.

Despite a temporary reprieve, the threat of economic havoc still hangs over Canada and, in particular, Ontario, which ranks third in the world for U.S. imports and will be significantly impacted if the 25 per cent tariffs do come into effect.

Jamieson Greer, President Donald Trump’s nominee to be United States trade representative, defended the use of tariffs against Mexico and Canada in his confirmation hearing on Thursday. Greer, who would play a key role in executing Trump’s trade policy,

Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the wake of U.S. threats to impose tariffs, Prime Minister Justin Trudeau said on Wednesday.

The leaders of Mexico and Canada have been willing to appease U.S. President Donald Trump to avoid tariffs on their products.

The 30-day reprieve from Trump tariffs announced this week may have come as welcome news for consumers and businesses alike. But ongoing uncertainty will continue to weigh on investments and should be a wake-up call for policymakers and businesses,