U.S.-Canada trade deficit is highest in 20 years. Does it justify tariffs?
Canada typically sells more goods and services to the United States than it buys, an issue — or non-issue, according to economists — that dates back decades.
Trump Calls Canada a Big Player in the Fentanyl Trade. Is It?
President Trump has threatened to impose tariffs on Canada over drug trafficking, equating it with Mexico. U.S. government reports do not support the claim.
Canada braces for Trump’s tariffs
TORONTO — Roughly $900 billion in annual trade between Canada and the United States — and with it, traditionally chummy bilateral ties — is on the brink of upheaval, with President Donald Trump threatening to impose sweeping tariffs on Canada as early as this weekend.
Canada Faces Trade Shock as Trump Tariffs Threaten CUSMA
New U.S. tariffs on Canadian exports threaten CUSMA, forcing Canada to rethink trade strategies amid rising protectionism.
Canada’s Plan for a Trade War: Pain for Red States and Trump Allies
Canadian officials are preparing retaliatory measures if the new U.S. administration imposes tariffs on Canadian imports.
Bank of Canada prepares for a trade war
The Bank of Canada has cut the overnight rate by 25bp to 3.0%. Cumulative easing now amounts to 200bp since June. The BoC has also announced an end to its quantitative tightening programme, which had been used to shrink its balance sheet. Instead, it will restart gradual asset purchases so its balance sheet stabilises as a proportion of GDP.
Canadian PM hopeful lays out plan to fight Trump’s tariff threats ‘where it hurts’
Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, says her country needs to release a “retaliation list” of goods the country would ta
Crisscross Oil Trade Complicates Trump’s Plans for Canada Tariffs
Today, reporter Robert Tuttle looks at the close integration of US-Canadian oil markets and what that means for Donald Trump’s tariff plans. Among US President Donald Trump’s flurry of threats during his first week in office was a vow to impose 25% tariffs on imports from Canada.
Canada prepares for a potential Trump tariff hit this week
If Donald Trump's latest date holds, tariffs are coming for Canada at the end of this week. Businesses are bracing. Canadians are worried. And federal and provincial governments are seized with trying to prevent what would be a huge economic blow.
Carney Says Canada Can Use Electricity for Leverage If US Starts Trade War
Mark Carney, the former central banker who’s running to lead Canada, said the government should be open to curbing ...
Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can ...
Bank of Canada cuts rates as it warns trade war 'would badly hurt economic activity in Canada'
“A long-lasting and broad-based trade conflict would badly hurt economic activity in Canada. At the same time, the higher ...
Canada, Mexico can avoid tariffs with border action, Trump’s pick for trade czar says
Mr. Trump and the White House have repeatedly said they intend to impose tariffs on Canada and Mexico on Saturday, prompting ...
Canada’s social-democrats advocate “national unity” to wage tariff war on US
The impending Canada-US trade war is a reactionary conflict between rival imperialist powers that will be waged at the ...
Bank of Canada cuts key rate with ‘trade war storm’ on horizon
The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.
Canada December wholesale trade most likely up 0.1% - Statscan flash estimate
Canadian wholesale trade most likely rose 0.1% in December from November, largely driven by higher sales in the motor vehicle ...
Trade Uncertainty Weighing on Canadian Dollar, Investment Plans
There are signs in Canada uncertainty over trade and tariffs is weighing on consumer and business confidence and on investment intentions, and the threat of levies has contributed to the recent ...