Canadian MP Calls for McKinsey Ban Over US Tariff Analysis

McKinsey & Company faces renewed calls for its exclusion from Canadian government contracts after producing an analysis supporting US tariffs against Canada.

The US White House cited McKinsey’s 2024 analysis claiming tariffs would strengthen the American economy by reducing competition for US producers. The analysis supported imposing 25% tariffs on Canadian goods and 10% on Canadian energy exports.

Conservative MP Adam Chambers said McKinsey’s work justifying tariffs “should automatically disqualify it from any contracts with Canadian fed/prov governments.”

This follows previous scrutiny of McKinsey’s expanding influence in Ottawa. The firm has received at least $116.8 million ($86.9 million) in federal contracts since 2015, according to government data. 

Former Finance Minister Chrystia Freeland previously admitted that she and Prime Minister Justin Trudeau have a “personal connection” with Dominic Barton, former Global Managing Director of the New York-based consulting firm.

In 2023, despite concerns over McKinsey’s global track record including its role in the US opioid crisis, Canadian procurement officials said they couldn’t bar the firm without criminal convictions.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

What You Don’t Know About Early Gold Bull Markets | Rick Rule

Recommended

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Steadright Signs MOU For TitanBeach Titanium Project In Morocco

Related News

Is McKinsey Replacing Employees with AI?

McKinsey & Company‘s widely adopted AI chatbot “Lilli” is handling work traditionally done by junior...

Tuesday, April 29, 2025, 04:26:00 PM

U.S. Lawmakers to McKinsey: Cut China Ties or Lose Federal Contracts

Sens. Marco Rubio and Josh Hawley have intensified their calls for McKinsey & Company to...

Sunday, May 26, 2024, 11:23:00 AM

Chrystia Freeland: McKinsey’s Dominic Barton Has “Personal Connection” With Me, Justin Trudeau

A video of Deputy Prime Minister & Minister of Finance Chrystia Freeland talking about the...

Tuesday, January 31, 2023, 05:10:00 PM