Canada is threatening fresh tariffs in retaliation

Comments from finance minister Bill Morneau:

  • Canada's housing market is stabilizing
  • Is cautiously optimistic new NAFTA will be ratified
  • Canada needs pipeline capacity to access international markets
  • BOC has been prudent with rate hikes

Canada is slated for an election around October. The opposition is saying they will constitutionally override provinces to get pipelines built.