Canada faces economic challenges as Trump returns to power in 2025

theglobeandmail.com January 11, 2025, 08:00 PM UTC

In 2025, Canada faces significant economic challenges as Donald Trump returns to power in the U.S., leading to increased tariffs and trade tensions. This shift raises concerns about a potential brain drain of skilled workers to the U.S. and a need for tax policy reform in Canada. Canada's immigration system is under pressure, with a growing number of temporary residents and reduced immigration targets. This could lead to a rise in individuals without legal status as the government struggles to manage the situation amid changing policies. Additionally, Canada’s fertility rate has dropped to a record low, raising concerns about long-term population sustainability. The country must address these demographic trends while ensuring economic growth and stability in the face of evolving challenges.


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