Canada FREEZES OUT Wall Street! $2 BILLION Bond Shock as Tariff War Explodes
Автор: Union Brief
Загружено: 2026-02-22
Просмотров: 8
Описание: In June 2025, Ontario issued a US$2 billion 10-year bond in the Yankee market, led by Barclays along with Canadian banks BMO Capital Markets, CIBC, and Scotiabank. This marked the first time since 2011 that no U.S. banks participated in such a deal for the province. The exclusion came amid heightened U.S.-Canada trade tensions following 25% tariffs imposed on Canadian goods like steel, aluminum, and autos. Earlier, in March 2025, Alberta issued a euro-denominated bond without Bank of America, breaking a six-year pattern of inclusion. Provinces framed these as commercial decisions for better terms. In parallel, Ontario implemented a procurement restriction policy starting March 2025, banning most U.S.-based companies from provincial contracts worth billions annually until tariffs end. This targeted firms with headquarters in the U.S. and limited Canadian presence, while allowing larger multinationals with substantial local operations. The moves reflected retaliatory economic measures, shifting borrowing and sourcing toward European and domestic options.
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