1 hour ago London jobless rate improves, but U.S. tariffs toll hasn't yet hit

The London region’s unemployment rate improved in March as the local economy added 2,200 new jobs, a strong showing that doesn’t yet reflect the impact of the trade war between Canada and the U.S. The region’s jobless rate now sits at 5.9 per cent, down from February’s 6.6 per cent, Statistics Canada reported Friday. Including […]

Economics

15 h. ago Alberta Premier Danielle Smith says latest U.S. tariffs hard to celebrate, but give time for talks

Smith said a renegotiation of the Canada-U.S.-Mexico trade agreement could be pushed until after the election, something she deemed 'very positive'

Economics

19 h. ago ‘Manitoba will come through this,’ expert says as trade war with U.S. continues

In the ongoing trade war between Canada and the U.S., we've been given a bit of a reprieve on some tariffs, but business leaders in Manitoba say it's no time to get complacent.

Economics

25 h. ago Canada Trade Balance Flips to Deficit as Tariff Threats Grow

Canada’s exports to its biggest customer, the US, as well as other countries plunged in February, as threats and implementation of the Trump administration’s tariffs started to redraw global trading flows.

Economics

25 h. ago Statistics Canada reports $1.5B trade deficit for February as exports fell

OTTAWA — Statistics Canada says the country’s merchandise trade balance fell to a deficit of $1.5 billion in February as exports fell. The federal agency says the result compared with a surplus of $3.1 billion in January. Total exports dropped 5.5 per cent to $70.1 billion in February as exports of energy products fell 6.3 […]

Economics

26 h. ago Here's why Metro Vancouver's presale condo market continues to struggle

There was hope lower interest rates would lead to a recovery but any gains were short-lived, with the uncertainty of the tariff situation now hurting sales

Other

26 h. ago CHARLEBOIS: Make no mistake, Canada still at war with world’s largest markets

“While Trump’s latest tariffs spared North American food trade, Canada remains entangled in costly disputes with China, India, and the U.S.—and our agri-food sector can’t afford to stay on the defensive.” Canada may still be reeling from a bout of political and diplomatic shock—call it Post-Disruption Stress Disorder (PDSD)—following the April 2 announcement in the […]

Other

41 h. ago ’Liberation Day’: A timeline of Donald Trump’s trade war with Canada

For over a year before the November 2024 presidential election, Donald Trump had been signalling plans to impose across-the-board tariffs if he won the United States presidency.  Trump was elected on Nov. 5, and it’s been a roller-coaster ever since for Canadian leaders and businesses. He has threatened, enacted, modified and delayed multiple rounds of […]

Economics

42 h. ago Canada among few exempt from Trump’s new tariffs, existing duties remain

WASHINGTON — Prime Minister Mark Carney will address reporters shortly after the White House declared both Canada and Mexico exempt from new reciprocal tariffs announced Wednesday by U.S. President Donald Trump. A fact sheet from Trump’s office says goods imported under the existing continental trade deal, known as the Canada-U.S.-Mexico Agreement, will not face tariffs, […]

Economics

43 h. ago OPINION: Next government must work to strengthen national defence

Due to U.S. President Donald Trump’s trade war, Canada-U.S. relations are the central issue in the federal election. But a related issue — Canada’s national defence strategy — hasn’t received much attention. But it should. In the years since Russia invaded Ukraine in early 2022, Canada has faced mounting pressure from its NATO allies to […]

Politics

46 h. ago Canadian Oil Patch Enters Trade War With Highest Prices in Years

Canada’s oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers.

Economics

47 h. ago Poilievre Pitches Expanding US Trade to Fund Canada’s Military

Canadian Conservative Leader Pierre Poilievre says his government would push for an urgent renegotiation of the US-Mexico-Canada Agreement, and all revenues collected from increased trade with the US would fund expanding Canada’s military.

Economics

48 h. ago Trump’s Trade War Forces Canada Into Decision on Whether to Hit US Autos

Vehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from the White House.

Economics

50 h. ago State of economywide tariffs on Canada unclear as Trump’s global trade war escalates

WASHINGTON — As U.S. President Donald Trump prepares to unveil his so-called “liberation day” plan to hit multiple countries with tariffs, it’s still not clear whether a temporary pause on separate economywide duties on Canada will be lifted. In early March, Trump imposed — then partially paused — 25 per cent across-the-board tariffs, with a […]

Economics

50 h. ago Huge segment of Canada's real estate market in major trouble due to U.S. tariffs

The forthcoming impacts of the Canada-U.S. trade war initiated by President Donald Trump's tariffs could put a real dent in Canada's industrial real estate market.According to a new report by CBRE, recent solid performances in this particular sub-sector of the commercial real estate market are now being overshadowed by the trade war."Many [local] markets cited the ongoing tariff and trade uncertainties as a major headwind that tempers the outlook for leasing demand over the next couple of quarters," reads the report.Moreover, for the commercial real estate market, "the impact of tariffs will be more directly felt by Canadian industrial markets."This is not entirely surprising, as Canadian federal and provincial governments are forecasting that the manufacturing, natural resource-export industries, transportation, logistics, and retail sectors will be the hardest hit.Such businesses, which account for very significant employment, are some of the largest users of major industrial spac...

Politics

53 h. ago Trade War Forces Canada’s Provinces to Issue Flurry of New Bonds

The trade war is set to plunge Canadian provinces into deeper deficits, revitalizing a sleepy corner of the credit market.

Economics

55 h. ago Today's letters: John Turner warned Canada about pitfalls of free trade

Wednesday, April 2: Getting too close to the U.S. on the economy was a bad idea, a reader says. You can write to us too, at letters@ottawacitizen.com

Economics

66 h. ago Here’s a reality check on Trump’s potential ‘Liberation Day’ trade beefs with Canada

While some issues have long caused friction, much of what the U.S. president says doesn't stand up to fact checking

Economics

3 d. ago Unions urge U.S. senators to vote to overturn Trump’s tariffs

The Canadian Labour Congress says that nearly eight million U.S. jobs are tied to trade with Canada

Economics

3 d. ago Air Canada Says US Bookings Are Down 10% as Trade War Rages On

Air Canada says demand for flights between Canadian and US cities is weak for the spring and summer months, as Canadians respond to the trade war by avoiding trips south.

Economics