Commentary
The Toronto-based EME Professional Corp law firm employs over 15 people. Among them are families of lawyers, paralegals, law clerks, articling students, which include single moms, new Canadians—folks whose wages support elderly parents, children, grandchildren, and siblings, both in Canada and abroad.
Because of U.S. tariffs, there is a high chance that, this week, Canada will begin to experience an economic shock bringing a recession. Before this latest hit, the economic landscape was already gloomy for Canada. Many of EME’s clients who are small builders and developers were already facing extreme economic hardship due to relative high inflation and high interest rates. A quote from the 1996 film “Primal Fear” comes to mind: “Have you been saving up for a rainy day? Guess what? It’s raining!”…