A former Liberal cabinet minister and leader of a major Canadian business group says Donald Trump's impending presidency poses an economic threat to Canada that's on par with the 9/11 attacks on the United States. Manley said it is likely Trump hasn't given much thought to Canada because he has been preoccupied with the other NAFTA partner, Mexico. He said Canada has to avoid being "sideswiped" by any future action Trump might take against Mexico. Do the multiplier on what that level of deposits coming out of Canadian financial institutions means to liquidity in Canada," said Manley. Wilson said he believes Trump will come to appreciate the deeply integrated nature of the Canada-U.S. economic relationship once he's fully briefed.

Source: CBC News November 23, 2016 22:52 UTC