1 week ago California will sue to stop Trump from imposing sweeping tariffs

SACRAMENTO, Calif. — California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging President Donald Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China […]

Economics

1 week ago Nvidia says U.S. imposed new China restrictions on H20 chips

U.S. government will begin requiring a license to export the company’s H20 chips to China

Other

1 week ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

2 w. ago Economist predict March inflation at 2.6 per cent, with ‘modest’ tariff impact

While trade tensions have helped put pressure on inflation in areas like a lower loonie, they've also reduced pressure in other areas, like lower economic confidence and lower commodity prices

Economics

2 w. ago China vows to ‘fight to the end’ after Trump threatens more tariffs

The Commerce Ministry said the U.S.‘s imposition of 'so-called ‘reciprocal tariffs’' on China is 'completely groundless and is a typical unilateral bullying practice.'

Economics

3 w. ago U.S. begins collecting its 10% ‘baseline’ global tariffs on many countries

The initial 10 per cent "baseline" tariff to be paid by U.S. importers took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET.

Economics

3 w. ago The Latest: Trump’s tariffs unleash trade war and calls for negotiations

U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%. China announced Friday that it will impose a 34% tax on all U.S. imports next week, part […]

Economics

3 w. ago China imposes 34 per cent tariff on all U.S. imports starting April 10

Tariff matches rate of U.S. 34 per cent "reciprocal" tariff on Chinese exports that Trump ordered this week

Economics

3 w. ago China imposes 34% tariff on imports of all U.S. products starting April 10

BEIJING — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese exports […]

Economics

3 w. ago Just how bad will U.S. tariffs hit London region manufacturers?

Tariffs landed with a thud in Ontario’s industrial heartland Thursday, shuttering one major automaker and spreading uncertainty among smaller automotive parts suppliers across the London. The U.S. held to its pledge to punish manufacturers shipping goods south of the border, charging a 25 per cent tariff on automobiles, tariffs on some automotive parts in addition […]

Economics

3 w. ago B.C. premier to speak live following Donald Trump’s ‘Liberation Day’ tariffs

On Wednesday, U.S. President Donald Trump unveiled a minimum 10 per cent baseline tariff on imports from most countries, not including Canada and Mexico.

Economics

3 w. ago Manitoba puts up money for the agricultural sector in the face of tariffs

BRANDON, MAN. — The Manitoba government is promising $150 million for the agricultural sector to help handle tariffs imposed by the United States and China. The province says it will provide $10 million in additional matching funds for the AgriStability program, as well as $140.8 million for business risk management programs such as AgriInsurance and […]

Society

4 w. ago Already hit by China, Nova Scotia’s seafood sector braces for U.S. tariffs next week

HALIFAX — Nova Scotia’s massive lobster industry is bracing for what’s to come as it deals with the effects of tariffs imposed by China and awaits an identical 25 per cent duty by the United States. China’s tariffs on Canadian seafood took effect March 20, while the U.S. duties are expected to kick in on […]

Economics