Many Canadians have been feeling the strain of financial stress for some time now, with rising inflation, higher interest rates and an increasingly expensive cost of living.

Now, with the United States engaging in another round of trade wars, there’s an added layer of uncertainty and potential economic fallout.

While the full impact on Canada remains to be seen, these global tensions can make an already stressful financial environment feel even more daunting. With so much noise and speculation, it’s crucial to separate fact from fear and take proactive steps to manage financial stress.

Here’s what Canadians should consider right now:

What does a U.S. trade war mean for Canadians?

Trade wars create economic uncertainty, affecting markets, businesses and consumers. If the U.S. imposes tariffs on goods from key trading partners, including Canada, it could lead to higher prices, disruptions in supply chains and economic slowdowns in industries reliant on cross-border trade. Some sectors, such as manufacturing, agriculture and technology could experience more pronounced effects than others.

For consumers, that could mean more expensive goods, particularly those that rely........

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