"In fact, the extra money now flowing into Canadian coffers — for context, Canada supplied the U.S. with more than 60 per cent of its crude oil imports last year — will go a long way to making up tariff losses, and could end up more than compensating for them."

"...the windfall could boost the overall economy enough to offset the cost of Trump's tariffs, with some provincial governments even projecting a turnaround on their deficits."

www.cbc.ca

The total cost of Trump's tariffs to Canada's GDP — about 0.5 per cent — could well be outweighed by the positive effects of oil topping $100 US per barrel. High prices that declined over the summer are back as peace recedes, and recent successes by Iran's Houthi allies suggest that high prices are here to stay.