27 h. ago Trade war with China could have devastating impact on Canadian canola farmers

Canada's agriculture industry is calling on Ottawa for help after China announced Tuesday it is imposing a tariff of 75.8 per cent on Canadian canola imports.

Economics

34 h. ago US Auto Exports to Canada Plummet on Tariff Tussle With Trump

Canada imported more vehicles from Mexico than the US in June for the first time in three decades, underscoring the historic shifts underway as the global auto industry grapples with President Donald Trump’s tariffs.

Economics

35 h. ago Buyers are getting homes for way under asking price across these GTA neighbourhoods

Home sales are slowly starting to pick up again in and around Toronto, which has seen an extended period of real estate turmoil while buyers wait to see what comes of the trade war with the U.S. and the economic recession.Sick of standing by for a better time that may never come, more homeowner hopefuls waded into the market in July, which had the largest uptick in transaction volumes of any July since 2021.Part of what helped this was softer prices, especially in the condo sector, where the standard unit now sells for 9.3 per cent less than it was a year ago.Meanwhile, the average sales price across housing types in the region has fallen 5.5 per cent over the same period, in part due to bidders successfully offering less than the asking price to desperate sellers whose properties are sitting up for grabs for far longer than ever.Toronto-based real estate agency Wahi regularly assesses where and to what degree houses and condos in the region are go...

Economics

54 h. ago How prices for staple grocery items have fluctuated in Canada so far this year

The price of groceries in Canada remains a source of concern for many households, as the cost of daily essentials continues to strain budgets.The rising price of groceries is a very real worry for many shoppers in Canada, according to a new report by PwC stating that 76 per cent of Canadians worry about the rising cost of food — much higher than the global average of 59 per cent.And Canadians are worried for good reason, as prices constantly fluctuate.Grocery giant Loblaw recently published its July food inflation report, which states that food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.And, in addition to inflation, the tumultuous U.S.-Canada trade war continues to loom over shoppers' wallets.Using Statistics Canada's Average Retail Food Prices Data Visualization Tool, we ...

Economics

57 h. ago Canadians returning from U.S. drops for 7th straight month: StatCan

The preliminary number of Canadian returns by air and land from the U.S. saw steep declines in July compared to a year prior as the trade war between the two countries continues.

Other

58 h. ago Trump’s Trade War With China Threatens These Key Green Technologies

Batteries and products that rely on rare earth minerals are among the most at-risk if the trade war escalates.

Economics

2 d. ago Whitmer told Trump in private that Michigan auto jobs depend on tariff reversal

WASHINGTON — Michigan Gov. Gretchen Whitmer met privately in the Oval Office with U.S. President Donald Trump to make a case he did not want to hear: The automotive industry he said he wants to save was being hurt by his tariffs. The Democrat came with a slide deck to make her points in a […]

Economics

4 d. ago Whitmer told Trump in private that Michigan auto jobs depend on a tariff change of course

WASHINGTON (AP) — Michigan Gov. Gretchen Whitmer met privately in the Oval Office with President Donald Trump to make a case he did not want to hear: the automotive industry he said he wants to save were being hurt by his tariffs. The Democrat came with a slide deck to make her points in a […]

Economics

4 d. ago Canada faring ‘pretty good’ in Trump’s tariff war, except for this sector

Watch FP Video for updates on Donald Trump's trade war and Toronto's housing market

Economics

5 d. ago Trump put a tariff on gold — or did he? What you need to know about the bullion confusion

Gold futures soared to an all-time high of US$3,534.10 per ounce on Friday

Economics

5 d. ago Canada in better shape than most in Trump’s tariff war, says trade lawyer

Watch Mark Warner on where Canada stands in the trade war and what could lie ahead

Economics

5 d. ago China Defends Buying Russian Oil After Trump’s Tariff Threat

China said its imports of Russian oil are justified, pushing back against US threats of new tariffs after Washington slapped secondary levies on India for buying energy from Moscow.

Economics

5 d. ago The redcoats are coming — but this time the Americans invited them

One expert on the War of 1812 suspects the American Bar Association is making a 'statement to maybe twist Trump’s nose' about the ongoing trade war

Other

6 d. ago S&P/TSX composite index closes lower, U.S. markets mixed amid trade worries

TORONTO — Canada’s main stock index closed down Thursday while U.S. markets were mixed as numerous tariffs imposed by U.S. President Donald Trump against countries took effect. The higher tariff rate hit more than 60 countries and the European Union, ranging from a low of 10 per cent to a staggering 50 per cent on […]

Economics

6 d. ago Trump’s tariff hike hits the world days after U.S. struck Canada with higher duty

WASHINGTON — U.S. President Donald Trump marked 200 days back in office on Wednesday by again hitting nations around the world with increased tariffs, days after slapping Canada with a 35 per cent duty. “BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” Trump posted on social media just after […]

Economics

6 d. ago Ford calls Trump ‘probably the most disliked politician in the world’

Doug Ford made the comments about Donald Trump on CNN Thursday morning, where the Ontario premier was asked about Canada's response to tariffs.

Politics

6 d. ago India Weighs Trade Options as Trump’s 50% Tariff Strains Ties

New Delhi officials are weighing their options on trade concessions they can offer to the US after President Donald Trump’s decision to impose a 50% tariff on Indian goods, according to people familiar with the matter.

Economics

6 d. ago How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a […]

Economics

6 d. ago Trump’s Punitive India Tariff Spoils Modi’s Russian Oil Math

A US decision to double tariffs on Indian goods as punishment for ongoing purchases of Russian crude leaves the world’s third-largest oil consumer in a tight spot and its refiners in disarray, but the move is unlikely to prompt a radical rethink in New Delhi.

Economics

6 d. ago Gold Gains as Trump’s Tariff Agenda Adds to Market Uncertainty

Gold gained as traders weighed uncertainty created by President Donald Trump’s latest trade moves, including threatening a 100% tariff on chip imports.

Economics