Carney, Trade and Canada
Digest more
General Motors is exposed to billions in costs from the trade war. The residents of Oshawa are already paying the price.
Automaker warns of massive hits to earnings from President Trump's tariffs, as it take steps to build more vehicles in U.S.
Canadian aluminium smelters have started diverting primary metal away from the United States in response to the ratcheting up of import tariffs, first to 25% in March and then to 50% in June.
As Canada and the U.S. now skirmish over Trump’s tariff threats and occasional bullying, the leaders’ rhetoric reflects a striking difference between their nations. Religion plays a far more subdued role in the public sphere in Canada than in its southern neighbor.
A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.
Explore more
Canada’s retaliatory tariffs on US goods are partially offsetting weaker revenue from corporate and sales taxes as federal government expenditures continue to rise.
USD/CAD halts its three-day winning streak, trading around 1.3740 during the Asian hours on Tuesday. The pair may further appreciate as the Canadian Dollar (CAD) could struggle amid rising tariff uncertainty between the United States (US) and Canada.
Trump’s tariffs on Canadian steel and aluminum, autos and goods not covered by the U.S.-Mexico-Canada trade agreement have upended the status quo. He has threatened to raise some of those tariffs to 35 percent by Aug. 1. Canada sends more than 75 percent of its exports to the U.S.
President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.
Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
As Prime Minister Mark Carney says Canada has entered an 'intense phase' in trade negotiations with the U.S. ahead of President Donald Trump's Aug. 1 deadline for increased tariffs, former Quebec premier and member of the Prime Minister's Council on Canada-U.