But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.

Ottawa is ready to retaliate if U.S. president-elect Donald Trump slaps Canada with devastating tariffs, Prime Minister Justin Trudeau promised Friday — and his ministers say Republicans in Washington don't fully understand the likely impact of the duties on both countries' economies.

The president-elect’s vow to impose 25 percent duties on Canadian imports could ravage Canada’s auto industry and decimate Windsor, a city deeply tied to the U.S.

Governor Tiff Macklem has successfully wrestled down one of the worst inflationary crises in the Bank of Canada’s history, putting his nation on track for a soft landing. US President-elect Donald Trump may dismantle all that with a stroke of a pen.