Aug 22, 2026 · 12 min · 8 segments
Julian Karaguesian served in the Canadian Ministry of Finance and the Canadian Embassy in Washington and he is now a professor of economics at McGill. Julian joined Sue Smith, who was hosting for…
Julian KaraguesianGuest
Sue SmithHost
And honestly, when I went to bed last night, that is not the news I expected because so many positive things were coming out.
And people were already talking about, oh, you know, Mark Carney's going to, he's had to cave.
But turns out, no, Mark Carney said all along that no deal was better than a bad deal.
Mark Carney says counter tariffs will be levied, dollar for dollar tariffs in response.
And so, you know what people are saying in the limited stuff that we know is that this is now a trade war.
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And honestly, when I went to bed last night, that is not the news I expected because so many positive things were coming out.
And people were already talking about, oh, you know, Mark Carney's going to, he's had to cave.
But turns out, no, Mark Carney said all along that no deal was better than a bad deal.
Mark Carney says counter tariffs will be levied, dollar for dollar tariffs in response.
And so, you know what people are saying in the limited stuff that we know is that this is now a trade war.
