Canada faces multiple economic challenges, including an increasingly uncertain trade environment.
With a change in U.S. leadership, Canada might face new trade restrictions, such as tariffs.
The uncertain economic outlook also raises concerns about the Canadian dollar. Although a weaker currency can benefit Canada's export-driven economy, it increases the cost of imports and travel to the U.S. While historically, the Loonie's value has been tied to oil prices, this connection has weakened in recent years.