Speculation ran high over whether the abrupt call off was down to the trade war, U.S. President Donald Trump’s executive order renaming Lake Ontario “Lake America” or U.S. Treasury Secretary Scott Bessent’s taunts this week that Canada’s navy lacks military firepower. “I mean, we’re not at war with Canada. How are we going to be at war with Canada,” Bessent said on CNBC. “What, are they going to take their two submarines from the Edmonton mall and sic them on us?”
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