Calgary No. 2 among Canadian cities most vulnerable to tariffs, but there’s ‘no overnight solution’

Calgary and Alberta face significant risks from potential U.S. tariffs, particularly as the city exported $119 billion in goods to the U.S. in 2023, primarily in energy. With 80% of Calgary's GDP reliant on U.S. exports, the impact of tariffs could be severe, especially on incomes. While energy exports may face a lower tariff rate, the overall economic exposure remains high. Local leaders emphasize the need for diversification and new markets, urging the federal government to support infrastructure development and reduce internal trade barriers.