As the White House adjusts or realigns its tariff policies with rates and target sectors being regularly revised, the action is also changing the line-up card in this country.
According to an updated economic forecast issued by CIBC Capital Markets, BC is moving up the leader board in this country as lumber tariffs are among the latest to be added to mix.
Previously, Ontario and Quebec – with their large manufacturing bases – were the primary targets but now lumber producers BC and New Brunswick are feeling a more significant impact.
The bank’s economics unit notes that Saskatchewan has fared reasonably well on the American front but we have not avoided being in the crosshairs of Chinese tariffs.
In their projections, Saskatchewan will be in the middle of the pack among the provinces on economic growth of 1.5- to 2-percent in the next 24 months. We will out-pace the national average this year and next but lag in 2027 as central Canada once again finds its footing after the tariff-related adjustments work their way through the system.
