Varcoe: Canada-U.S. trade war intensifies, but a 'new equilibrium in our relationship' will be found, says former ambassador

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeBusinessLocal BusinessPoliticsColumnists Varcoe: Canada-U.S. trade war intensifies, but a 'new equilibrium in our relationship' will be found, says former ambassador Amid the treadmill of taunts, tariffs and more tumult, how should Canadian business operators make sense of the moment while planning for the future? Author of the article: By Chris Varcoe  •  Calgary Herald Published Sep 24, 2026 Last updated 46 minutes ago 5 minute read Join the conversation Kirsten Hillman, Canada’s ambassador to the U.S., talks with media at the G7 summit in Kananaskis on Monday, June 16, 2025. Gavin Young/Postmedia file Article content The Canada-U.S. trade war keeps bubbling like a pot of hot water on a stove, with President Donald Trump taking another swipe at his northern neighbour on Tuesday. Article content The rhetoric remains at Def Con 1 levels, with the president saying on social media that Canada is “destroying itself by allowing millions and millions of people into the country, essentially unchecked.” Article content Article content Article content Amid the treadmill of taunts, tariffs and more tumult, how should Canadian business operators make sense of the moment while planning for the future? Article content FP West: Energy Insider SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Interested in more newsletters? Browse here. Article content Canada’s former ambassador to the United States, Kirsten Hillman, says business leaders need to make decisions and ensure their companies are becoming more diversified and resilient during this period of uncertainty. Article content “We will find a new equilibrium in our relationship with the U.S.,” said Hillman, who will speak Thursday at the annual Global Business Forum in Banff. Article content “We will always work with the Americans. We will work in non-economic ways . . . they will remain our No. 1 trading partner, in my view, for a very long time, if not forever, and that is good for Canada,” she said in an interview. Article content “But what has shifted is that now we need to think about where it makes sense for Canada to be deeply integrated with the United States — and where it…