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NOV 16 - DEC 15, 2016 VOLUME 7 ISSUE 7
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The 58th United States National Election is not only controversial but hits home significantly for Canadians. After November 8, 2016 when Republican Donald Trump is elected as the new US president, defeating Democrat Hillary Clinton, many Americans and Canadians alike reacted differently based on his platforms and everything he said prior the results was announced. For many Canadians, there United States is not just a neighbouring south but an ally and trade partner. In few months and years, here are the areas we Canadians must keenly observe and guard.
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Trump and Trade Mr. Trump plans to axe the Trans-Pacific Partnership, an ambitious trade agreement between 12 countries including the U.S. and Canada. That account for 40 per cent of global economic output. Also in 2015 interview on 60 Minutes, Mr. Trump described the North American free-trade agreement as a “disaster” he would renegotiate or even “break.” During one of Donald Trump’s campaigns, he pledged to force Canada and Mexico to renegotiate the North American Free Trade Agreement, to provide greater benefits to U.S. businesses. If the countries don’t agree on a new deal, are we expecting Donald Trump to leave NAFTA completely as he promised? The global market is manifesting their fears of a prolonged global uncertainties and lack of confidence to the new presidential leadership and his ideals and policies. Trump and Canadian Real Estate U.S. election could, at least in the foreseeable fu-
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Trump’s New Government To Affect Canada in More Ways than One EDITORIAL BOARD
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“Whatever it takes, I will get the job done!”
ture, make our real estate an increasingly attractive investment, according to some experts. Many housing analysts wouldn’t predict the impact of Trump’s presidency, however, for those who already see Canada as an attractive, stable place, the U.S. election could heighten that perception, said Royal LePage CEO Phil Soper. Trump and Global Climate Change Trump vowed to back the United States out of the 2015 Paris agreement, a landmark international climate treaty aimed at curbing emissions and limiting global temperature increases.Trump has also pledged to revive the coal industry, relax restrictions on polluters, and expand exploration and drilling for fossil fuels.Trump leadership also commits together almost 200 nations to reduce greenhouse gas
emissions with a goal of limiting global temperature increases to under 2 degrees Celsius. Let’s wait and see. Trump and Border Security Canadian Ambassador David McNaughton is “quite optimistic” a lameduck Congress will pass the necessary legislation because of bipartisan support before a new administration takes over. Let’s watch if Trump government will honour deals to ensure a thinner, smoother border to the north. Canada and the U.S. have a “perimeter” approach to economic and border security that saw countless travel and security screening procedures harmonized. Bills to enable more information-sharing on entries and exits, and more pre-clearance of cross-border travellers are now before Parliament and the U.S. Congress.