Week 18

Hi readers, we would like to apologize for the delay in this week’s newsletter. This week we will start seeing the affects of the ongoing trade tensions between Canada and USA. The tariffs have taken affect on both sides, but what effects should we expect? And what has effects have started taking place since the announcement.

USA-Canada Trade Totals:
The world’s largest trade between two countries

We all know of the trade tensions going on because of the Tariff’s introduced by President Trump. But how much do Canada & the U.S.A. currently trade and how much is at stake

• In November 2024, Canada's exports to the U.S. increased by 6.8%, while imports from the U.S. rose by 4.1%. This resulted in Canada's trade surplus with the U.S. expanding from $6.6 billion in October to $8.2 billion in November.

• Canadian Chamber of Commerce reports, there are over $3.6 billion of goods & services that cross between U.S. & Canada on a daily basis, fuelling a $1.3 trillion annual trade.

• The same report shows there are over 1.4 million U.S. jobs & 2.3 million Canadian jobs tied to this trade. Making Canada the #1 export market for 34 U.S. States.

• The 25% tariff could shrink Canada’s GDP by 2.6% ($1,900 per family annually) and USA’s GDP by 1.6% ($1,300 per family annually)

Tariff Announcement Impact:
What can change, and what has already changed?

The announcement of the tariffs changed a lot around both countries, and even worldwide:

• The announcement of tariffs had already led to declines in stock markets and fluctuations in currency values globally.

• Doug Ford, the premier of Ontario, announced he will be banning all contracts with US companies, starting with the $68 million deal with Starlink

• Seven Canadian provinces have already started removing all US alcohols from their shelves.

• Some stores have preemptively removed US products and started putting signs showing “Buy Canadian Instead”

• Loblaws, Canada’s largest grocery retailer announced they will double down on Canadian-made products, and will find Mexican alternatives to US products

Is It Time to Consider Alternatives?

Now, despite the tariffs being deferred for another 30 days after Trump and Trudeau reached a deal over border security. Uncertainty still stands, and for our Canadian readers, we think it might be time to consider purchasing the local alternatives to your large brands.

Since the tariffs have been announced, a nationwide surge of articles from providing Canadian alternatives for US brands started trending, so before your next purchase, read some of our previous newsletters or do a quick Google Search for “Buy Canadian Instead” and you’ll articles such as this one from the Global News to help guide you.

We have to work together to make boost our countries economy and this is something we at Salaaz stand behind. We fully support shopping local, and we want to build a marketplace where you can easily find local alternatives.

Whether its small businesses, or larger producers that supply out of your local city, province, or country. We will provide the tools for users to search based on their preferences.

We hope you enjoyed this week’s newsletter, give us your feedback below and we look forward to seeing you again next week!