Could the U.S. election outcome impact Alberta’s economy? [Video]

A Donald Trump presidency could raise costs for Canadian and Alberta companies while Kamala Harris’ policies are expected to have minimal direct impact on Alberta. Jean David Tremblay-Frenette, the chief economist with AIMCO joined CTV Morning Live’s Kent Morrison on what Albertans may see in the future.

This transcript has been edited for length and clarity.

Kent Morrison: The result of the U.S. election tomorrow could have a big impact on our province, no matter who wins. We welcome Jean David Tremblay-Frenette, the chief economist with AIMCO for more on this. Let’s first talk about Donald Trump if he wins. He has talked about tariffs, what could that mean for us in Alberta?

Jean David Tremblay-Frenette:Trump’s proposals are for wholesale protectionism. He’s talking about a blanket 60 per cent tariffs on all imports coming from China, but also between a 10 and 20 percent tariffs on imports from all other countries, including Canada. So, in practice, it does mean higher prices for all …