29 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

37 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

56 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

59 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

60 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

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 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 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

5 d. ago Asian shares are mostly lower, while Tokyo’s Nikkei jumps nearly 2%

MANILA, Philippines (AP) — Asian shares were mostly lower Friday while Tokyo’s benchmark spiked by more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S. The new U.S. tariffs on Japanese goods that took effect Thursday did not match an agreement between Washington […]

Other

5 d. ago World shares are mixed as Tokyo’s Nikkei jumps nearly 2% on tariff news

MANILA, Philippines (AP) — World shares were mixed on Friday, with Asian stocks mostly lower while Tokyo’s benchmark spiked more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S. In early European trading, Germany’s DAX lost 0.3% to 24,131.01. The CAC 40 in […]

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 Carney to meet with three Metis groups on major projects bill today

OTTAWA — Prime Minister Mark Carney is set to meet today with three provincial Metis groups to discuss his government’s major projects legislation. The legislation allows cabinet to quickly grant federal approvals for big industrial projects that are deemed to be in the national interest by sidestepping environmental protections and other legislation. Carney is expected […]

Politics

7 d. ago Carney meeting with cabinet, premiers to discuss latest U.S. tariffs

OTTAWA — Prime Minister Mark Carney is holding virtual meetings with his cabinet and the premiers today, less than a week after U.S. President Donald Trump hit Canada with a baseline 35 per cent tariff.  This latest trade war escalation applies only to goods not covered by the Canada-United States-Mexico agreement on free trade, better […]

Economics

7 d. ago Toronto Home Sales Rise Most Since October as Economy Holds Up

Home sales in Toronto rose the most in nine months as the Canadian economy appeared to hold up in the face of uncertainty sparked by US President Donald Trump’s trade war.

Other

8 d. ago Canada and Mexico to Cooperate as ‘Free Traders’ Facing US Tariffs

Canada is seeking closer collaboration with Mexico in multiple sectors amid a trade war with the US, senior ministers said during a visit that included a long meeting with President Claudia Sheinbaum.

Economics

8 d. ago Canada Will Look at Opportunities to Remove Tariffs, Carney Says

Prime Minister Mark Carney said Canada will look for opportunities to remove some counter-tariffs against the US, despite winning an election in which he pledged to fight back against President Donald Trump’s trade war.

Economics

8 d. ago Carney expected to face trade war questions as higher tariffs remain

Foreign Affairs Minister Anita Anand and Finance Minister François-Philippe Champagne are scheduled to meet with Mexican President Claudia Sheinbaum on their two-day visit.

Economics

1 week ago Oil Drops After OPEC+ Supply Hike Amplifies Concerns Over Glut

Oil fell after OPEC+ agreed to another bumper output increase, stoking concerns about global oversupply just as the US-led trade war may be exacting a toll on economic growth and energy consumption.

Other

1 week ago LeBlanc says he expects Carney, Trump will speak in the coming days

OTTAWA — Dominic LeBlanc says he expects Prime Minister Mark Carney and U.S. President Donald Trump will speak “over the next number of days” as the United States ratchets up pressure in trade talks. The Canada-U.S. trade minister appeared on CBS’s “Face the Nation” on Sunday and spoke about where talks stand between the two […]

Transport

1 week ago Canadian Trade Envoy Still Sees Chance to Ease Trump’s Tariffs

Prime Minister Mark Carney and US President Donald Trump are expected to talk “over the next number of days,” a Canadian official said, after the two governments failed to reach a deal before an Aug. 1 tariff deadline.

Economics