Canada has leverage in this trade fight, but economists warn it comes with cost

CBC: “Maybe we have a lot of leverage, a lot of ability to impose pain, but it comes at a huge cost for us because we are both losing revenue and we are potentially severing relationships with our best customer,” said Wolfgang Alschner, the Hyman Soloway Chair in Business and Trade Law at the University of Ottawa.

What if, for example, the U.S. replaced all Canadian oil with Venezuelan oil in a decade?…

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