Canada has No Trade Deal with the U.S. - An Interview with Ian Lee

Canada walked away from the negotiating table with the United States — and the economic stakes could not be higher. Ian Lee, Associate Professor of Management at the Sprott School of Business, Carleton University, joins Allan Small to explain why he believes that was a mistake, why retaliatory tariffs hurt Canadians more than Americans, and what has to change if Canada wants to avoid a deep recession. Ian argues that Canada's vulnerabilities were built over six decades, not six months: interprovincial trade barriers the IMF ties to roughly $200 billion in lost output, decades of underdeveloped resource capacity, heavy regulation, and an export economy where roughly three-quarters of everything we sell goes to a single customer. He also makes the case that the ten premiers — not just Washington — are standing in the way of a stronger Canadian economy. We cover tariffs and who actually pays them, whether the Prime Minister's hands are really tied, supply management and the 250% dairy tariff, the OECD's long-term GDP per capita warning, and what a realistic path back to the bargaining table looks like.