Trump’s Trade War Just Bankrupted Canada, Now Nobody Can Pay Rent (Video)
In this 9 October 2026 published video, host Cash Jordan talks about how renters in Canada are going bankrupt and cannot afford their apartments as the trade war with the country’s only major partner enters a new phase. The U.S.–Canada trade dispute has severely strained the Canadian economy, rattled the labor market, and put pressure on housing and rental costs.
Canada suspended trade negotiations with the United States on August 21, 2026, after Ottawa walked away from last-minute U.S. demands—including restrictions on Canada entering independent trade deals with other countries. President Donald Trump has imposed multiple rounds of tariffs and import restrictions on Canadian goods, with threats of up to 50 percent tariffs on automotive products. Canada announced counter-tariffs on $27.66 billion worth of U.S. goods. Average asking rents in Canada have actually been falling rather than surging—dropping 4.8 percent year-over-year to $2,035 in August 2026, marking 23 consecutive months of declines. Analysts point to a mix of lower immigration targets, economic uncertainty, and a softening labor market. Some workers whose jobs have been impacted by trade tensions have had to double up with roommates or move back in with family, adding downward pressure on housing demand. While the country as a whole is not bankrupt, key sectors like auto manufacturing and steel are under severe stress, and political clashes—including Senate Republicans blocking a bill to repeal the tariffs—keep trade uncertainty high.
https://youtu.be/oOdf3-u1dYI
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