4 h. ago Trump says U.S. tariffs on Canada will proceed and here's his full statement

U.S. President Donald Trump confirmed today that U.S. tariffs will be proceeding against Canada and they could start as early as next week. Trump responded to a reporter's question about tariffs during a joint press conference with French President Emmanuel Macron earlier today. The reporter had asked Trump if the tariffs would proceed or whether Mexico and Canada had "done enough on the border" to stop them from taking effect.🚨MAJOR BREAKINGDONALD TRUMP CONFIRMS THAT TARIFFS ON CANADA WILL "GO FORWARD. ON TIME"likely referring to the first week of MarchThis, after the Bank of Canada warned they had no tools to effectively deal with inflation AND a depression. pic.twitter.com/hMNAm5UEHr— Tablesalt 🇨🇦 (@Tablesalt13) February 24, 2025The announcement comes in the wake of the Bank of Canada warning that U.S. tariffs could have a "severe" impact on Canada's economy.Trump's full statement on U.S. tariffs on CanadaWe're on time with the tariffs, and it seems like that's moving...

Economics

4 h. ago Bank of Canada warns U.S. tariffs would have 'severe' impact

Tariffs could weaken the country's economy in the next two years, says Bank of Canada (BoC) governor Tiff Macklem.While speaking to members of the Mississauga Board of Trade and the Oakville Chamber of Commerce on Friday, Feb. 21, Macklem highlighted the uncertainties brought about by tariff threats and compared its potential impact to the pandemic."In the pandemic, we had a steep recession followed by a rapid recovery as the economy reopened. This time, if tariffs are long-lasting and broad-based, there won't be a bounce-back," he stated."We may eventually regain our current rate of growth, but the level of output would be permanently lower. It's more than a shock — it's a structural change."He stated that even the period of uncertainty is "already causing harm" and that a trade conflict would cost people their jobs and reduce exports and investments.The immediate impact of tariffs on CanadaMacklem pointed out that the threat of tariffs has brought about uncert...

Economics

13 h. ago Canada Infrastructure Bank loans Australian EV charging company $194M

Jolt expected to install up to 1,500 new curbside locations

Economics

3 d. 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

3 d. 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

3 d. 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

3 d. 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

3 d. 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

3 d. 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

4 d. ago How Trump’s 25% auto tariffs can bring the industry to a standstill, a Canadian expert warns

'It would effectively be what we had during 9-11, and during the great recession (of 2008),' a University of Toronto professor tells National Post

Economics

4 d. ago How Trump’s 25% auto tariffs can bring the industry to a standstill, as Canadian expert warns

'It would effectively be what we had during 9-11, and during the great recession (of 2008),' a University of Toronto professor tells National Post

Economics

4 d. ago Nutrien warns tariffs will hurt U.S. farmers who rely on Canadian potash

If the U.S. implements widespread tariffs on Canadian goods, American farmers will be hard-hit as they rely heavily on Canada for inputs like potash, said Nutrien Ltd. CEO Ken Seitz. Seitz says Canada supplies more than 80 per cent of the potash used on U.S. farms, and as the company looks at what tariffs could […]

Economics

6 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