The Federation of Quebec Chambers of Commerce (FCCQ) is biting its nails while waiting for the results to come in for the U.S. election.
It’s a stark choice between two candidates with very different visions for the United States, but whatever the outcome, the impact will be felt in Canada.
“There’s some concern about protectionism in both camps,” said Philippe Noel of the FCCQ, adding that many Quebec businesses are worried about the future of U.S.-Canada trade.
For example, the agreement between Canada, the U.S. and Mexico is about to renew.
Former president Donald Trump promised tariffs of at least 10 per cent on all goods entering the country. Meanwhile, Vice President Kamala Harris was one of only 10 senators to vote against the Canada-U.S.-Mexico agreement.
McGill business professor Vivek Astvansh said much of Canada’s economy is built on free trade with the U.S.
“We are extremely, extremely dependent on …