Carney says a U.S. trade deal without some tariffs is unlikely (www.cbc.ca)

submitted 9 months ago by CanadaPlus@lemmy.sdf.org to c/canada@lemmy.ca

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[-] ikidd@lemmy.world 9 points 9 months ago

I think the recesssion is coming if we stayed tied to the ship that's heading for the reef.

[-] Arkouda@lemmy.ca 5 points 9 months ago

The problem is we are so coupled to that ship recession is basically inevitable. We could say today "No more trade with the US" from the bottom of our hearts and mean it, but our Economy would collapse.

Even if we could perfectly and surgically decouple from the states, we still have to deal with the rest of the world being tied to that sinking ship.

Realistically we need to be ready for a recession, and hopefully, the maneuvering being done will limit the damage.

[-] ikidd@lemmy.world 6 points 9 months ago

Probably. It's wishful thinking to believe we can cut them off enough to not catch cold when they sneeze. And we all know they have a bout of pneumonia coming.

Now if the idiot in chief caught a good case of pneumonia and cratered, there might be something to save yet.