11 h. ago Rosborough: If tariffs drive up costs, let's focus on fixing what we own

Anthony D Rosborough, Dalhousie University Canada’s economy has long relied on open trade and cross-border supply chains, but as tariff threats and market protectionism rise from the United States under President Donald Trump, so do Canada’s economic vulnerabilities. Although the risk of a trade war between Canada and the U.S. has been given a temporary […]

Economics

19 h. ago Bank of Canada’s Macklem Doubts Core Inflation Gauges, Pledges Review

Bank of Canada Governor Tiff Macklem says underlying price pressures may be cooler than indicated by the central bank’s two preferred measures of core inflation.

Economics

20 h. ago ‘A new crisis on the horizon’: Bank of Canada governor warns of devastating effects of trade war

'If tariffs are long-lasting and broad-based, there won't be a bounce-back... The level of output will be permanently lower,' Tiff Macklem said on Friday

Politics

21 h. ago Bank of Canada Sees Trade War Permanently Cutting Output by 2.5%

While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.

Economics

21 h. ago Bank of Canada governor’s tariff warning: ‘There won’t be a bounceback’

Bank of Canada governor Tiff Macklem said the shock from U.S. tariffs would be very different from the economic downturn caused by the COVID-19 pandemic.

Politics

22 h. ago Central bank has limited tools to mitigate trade war: Tiff Macklem

MISSISSAUGA, ONT. — Bank of Canada governor Tiff Macklem says the central bank doesn’t have a lot of tools in its toolbox to mitigate the devastating effects tariffs would have on the economy. In prepared remarks for a speech Friday, Macklem said if the U.S. imposes its threatened tariffs and Canada retaliates, Canadian economic growth […]

Economics

22 h. ago Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

MISSISSAUGA, ONT. — U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation […]

Economics

23 h. ago Trade war: What do Americans think of their former best friends in Canada?

At a Tim Hortons in suburban New Jersey, most customers had never been to Canada and the word 'tariff' never came up

Economics

24 h. ago ‘No way Canada can win a trade war:’ John Manley shares some hard truths

Trump's tariff threats a 'really loud wakeup call' for Canada,' says former deputy prime minister

Economics

25 h. ago Trump Eyes Tariffs to Counter Digital Taxes Despised by Big Tech

President Donald Trump is expected to sign a memorandum Friday that opens the door to levies in response to digital services taxes some countries impose on US tech giants, people familiar with the plans said, the latest step to expand a tariff war aimed at addressing imbalances in global trade.

Economics

51 h. ago London's steel industry sweats as Donald Trump vows 25% tariff: 'Anxiety'

London’s steel industry fears a tariff trade war between the U.S, and Canada will mean higher prices and dwindling demand for their products. The U.S. government has threatened a 25 per cent tariff on Canadian steel and aluminum imports starting March 12. Canada has promised reciprocal tariffs on steel and aluminum coming here from America. […]

Economics

55 h. ago Grocers stocking up on Canadian, international suppliers as shoppers avoid American

Canadian grocers, large and small, are seeking alternatives to U.S. products ahead of a potential trade war, while highlighting homegrown products already available on their shelves. The two countries are in the midst of a truce that’s set to end in early March, but grocers aren’t waiting around to see what happens. “I think this […]

Society

66 h. ago Rio Tinto CEO Goes to Washington to Get Handle on Trump Tariffs

The chief executive officer of Rio Tinto Group took the unusual step of hosting the UK company’s earnings from Washington, as part of a whirlwind trip to understand what President Donald Trump intends to accomplish with his expanding trade war.

Economics

3 d. ago Doug Ford has commanding lead with Ontario election just over a week away

With a 20-point lead over his closest rival, Ford's snap election, called amidst a trade war with the U.S., seems to have been an effective gamble

Politics

3 d. ago Ukraine Weighs Gas Imports Next Season to Prop Up Depleted Storage

Ukraine is considering more natural gas imports to fill the gap in its depleted storage, while Donald Trump and Vladimir Putin discuss a peace deal — which could include an agreement on fuel trade — for the war-torn country.

Economics

4 d. ago Bank of Canada could skip March rate cut: Economists on the latest inflation numbers

Policymakers find themselves in an awkward position. some say

Economics

4 d. ago Nova Scotia to introduce budget today as potential trade war looms with U.S.

Nova Scotia's Progressive Conservative government is presenting its post-election budget today amid economic uncertainty created by tariff threats the U.S.

Economics

4 d. ago New Listings Jump to Start 2025 as Tariff Uncertainty Weighs on Sales

OTTAWA, Ontario, Feb. 18, 2025 (GLOBE NEWSWIRE) — Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the month, likely reflecting uncertainty over the potential for a trade war with the United States. Although […]

Economics

4 d. ago Tesla dealership in London nears opening at complex time for Elon Musk

Anti-Trump sentiment and the looming Canada-U.S. trade war may put a damper on the Tesla brand here, observers say, as the electric vehicle giant prepares to open a new dealership in south London.  Tesla, a brand owned by billionaire Elon Musk, a top aide to U.S. President Donald Trump, is preparing to open a new […]

Other

5 d. ago Canadian sugar and candy industry vulnerable to U.S. tariffs: Experts

Experts say the Canadian sugar and confectionery industry would be hit hard if the country enters into a trade war with the U.S. Farm Credit Canada says the industry is one of Canada’s most vulnerable agri-food sectors because more than 80 per cent of its sales are exports to the U.S. Canada and the U.S. […]

Economics