How Canada emerged as the safest port in a storm of global trade

By Peter Armstrong – CBC News

When the trade war began in February, Canada looked like it might have been one of the countries hardest hit by U.S. tariffs. But in three months of head-spinning volatility, the on-again, off-again threats have expanded, Canada has negotiated sweeping exemptions and economic data has held up remarkably well.

A new report from RBC’s chief economist Frances Donald and associate chief economist Nathan Janzen found that Canada now faces the lowest average effective tariff of any major U.S. trade partner.