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Latest News About Canada reacts to new American tariff hikes

Bank of Canada governor Mark Carney announced a retaliatory response to American tariffs. The U.S. tariffs struck deeply. He noted that the U.S. tariffs have impacted Canada's GDP $3.5 billion so far. Canada lost 32,800 jobs due to these measures.

Meanwhile, the Quebec Chamber of Commerce and Industry backed Carney's decision to hold tariffs on U.S. products. The group voiced their frustration with the economic conflict between the two nations. They claimed there is a clear limit to the patience of such actions.