Earlier in the day, cabinet ministers were careful not to declare victory after Trump was sworn into office without mentioning Canada at all, and with no sign of the punishing tariffs he's been threatening since the November election.

On the second floor of the Château Montebello’s lobby, there are framed photographs commemorating the visits of Ronald Reagan in 1981 for a G7 summit and George W. Bush for a meeting of North American leaders in 2007.

Finance Minister Dominic LeBlanc said Canada is "absolutely" prepared if President Donald Trump levies 25 per cent tariffs against Canada next month. Ottawa has potential response scenarios at the ready,

Canadian leaders expressed relief that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency.

Mr Trump had threatened to impose sweeping tariffs on Canada, Mexico and other trading partners. Still, Mr Trump pledged in his inaugural address that tariffs would be coming and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers.

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Canada's response to the tariff threat will be at the centre of today's first ministers' meeting, which the premiers requested to get a better sense of what Ottawa has planned for the weeks ahead. Most of the 13 premiers will be in the nation's capital, while some will join the conversation virtually.

Canada is prepared to impose retaliatory tariffs on the U.S. if Trump eventually moves ahead with any trade action. Officials have already drawn up a plan that will levy immediate tariffs on $37-billion worth of American goods if Trump moves against Canada.

With only hours to go until U.S. president-elect Donald Trump heads back to the Oval Office, Canadian officials say they still don’t know whether he will follow through on his standing threat to level punishing tariffs on Canadian goods.

Speaking at a Markham fundraiser that was closed to the media, Premier Doug Ford did not mince words about a vote he is expected to trigger as early as next week.

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