this has been happening for decades in Canadian and other western countries. Canada’s financial sector firms are a c-suite, reserve accounts at the BoC, and a giant pile of services purchased from the US, India, Colombia etc.
The cancelled digital services tax was the lightest of scratches at the fixing the problems of trade in services.
All the noise about resources and goods tarrifs? Trade in services is larger, and services are a vastly larger share of the non-trade economy.
Housing is Canada’s biggest problem and this announcement is half what the oil industry gets every year, not counting the $100B+ in recently announced subsidies.