Provinces Have Roughly $100B at Hand for Tariff Relief, Desjardins Estimates

Provinces Have Roughly $100B at Hand for Tariff Relief, Desjardins Estimates
A Caisse populaire Desjardins sign is seen in Montreal, Canada, on June 18, 2019. Paul Chiasson/The Canadian Press
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Canada’s provincial governments have enough fiscal firepower to respond to looming U.S. tariffs without supersizing their debt burdens, a new report says.

The analysis released Tuesday from Desjardins Economics predicted upcoming provincial budgets will be dominated by plans to prepare for an unknown 2025 as promised tariffs from U.S. President Donald Trump put a cloud over fiscal forecasts.