Experts agree that Canadian consumers will feel the impact from the U.S. port workers' strike, as it will cut U.S. ocean shipping in half and cost billions.
The strike, causing disruptions in the supply chain, particularly threatens the import of perishable goods like produce, leading to shortages and price increases.
The retail sector may be hit hard as companies prepare their holiday inventories ahead of the busy shopping season but face logistical challenges due to the strike.
As Pascal Chan notes, any disruption in U.S. transportation infrastructure has global economic repercussions, especially for Canada, which relies heavily on U.S. trade.
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