32 m. ago Wall Street could be headed for a bear market. Here’s what that means

NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, […]

Other

73 m. ago Oil Boss Says Trump Administration Better Have a Plan Amid Rout

A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss.

Politics

73 m. ago Jeep Maker Stellantis Offers to Help Suppliers Pay Tariff Costs

Jeep owner Stellantis NV is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war.

Economics

1 hour ago U.S. hits Canada lumber with 34% duties even before Trump tariffs

(Bloomberg) — The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on US materials costs even before President Donald Trump places any new tariffs on the sector. The U.S. currently levies countervailing and anti-dumping duties totaling 14.4%, a level that was set last year. Those are […]

Economics

1 hour ago Toronto rock legend Neil Young attends U.S. protest with 'hands off Canada' sign

Canadian celebrities residing in the United States are starting to speak up in support of their home country, with rock and roll legend Neil Young the latest homegrown talent standing up to U.S. President Donald Trump's tariffs and annexation threats.The 79-year-old rocker — one of the few artists to hold the distinction of being inducted into the Rock and Roll Hall of Fame twice — was spotted at a protest in the Los Angeles suburb of Thousand Oaks, California.Young was one of thousands to take part in the protest on Saturday, which was one of several organized demonstrations held as part of the Hands Off! National Day of Action.Over 2,000 attended Saturday's demonstration in Thousand Oaks, far exceeding the 1,300 protestors expected by organizers.Among the throngs who attended, the Canadian music icon blended in with the pack with the help of a "Hands Off Canada" sign.While Young has an estimated net worth in the vicinity of $200 million, the Rockin' in the Free World s...

Other

2 h. ago Trump’s trade war darkens outlook as 1 in 3 Canadian firms plan for recession

A Bank of Canada survey said 32 per cent of Canadian businesses were planning ahead with the assumption that a recession will occur in Canada over the next year.

Economics

2 h. ago Trump threatens new 50% tariff on China on top of ‘reciprocal’ duties

Trump's response is in reaction to China retaliating to the U.S. "reciprocal" tariffs with a 34 per cent duty of its own on American imports.

Economics

2 h. ago Bitcoin and other cryptocurrencies see prices fall amid global market turmoil

After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off. Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound. Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices. […]

Economics

3 h. ago BoC reports show trade uncertainty takes toll on business and consumer confidence

OTTAWA — A pair of reports from the Bank of Canada pointed to declining business and consumer sentiment in the first quarter as the uncertainty over U.S. tariffs took their toll. The central bank’s business outlook survey said Monday that 32 per cent of firms are now planning with the assumption that a recession will […]

Economics

3 h. ago Ontario defers tax collection for businesses amid Trump tariff fallout

With the ongoing economic uncertainty created by Donald Trump’s tariffs, the Ontario government says it is deferring a number of taxes for businesses.

Economics

3 h. ago Carney jokes that it’s a ‘bad idea’ to send ‘Danielle’ to persuade Americans

'And we’re going to send Danielle next, well, maybe we won’t. We won’t send Danielle. That’s a bad idea. Strike that'

Transport

3 h. ago Trump and Netanyahu will meet on tariffs, the war in Gaza and more

Israeli Prime Minister Benjamin Netanyahu will meet President Donald Trump in Washington on Monday, becoming the first foreign leader to visit Trump since he unleashed tariffs on countries around the world. Whether Netanyahu’s visit succeeds in bringing down or eliminating Israel’s tariffs remains to be seen, but how it plays out could set the stage […]

Economics

3 h. ago Markets could get a lot worse as Trump tariffs spark distress

When safe assets, such as gold and government bonds, take a hit, you really are in trouble

Economics

3 h. ago Trump tariffs make Easter bittersweet for Swiss chocolatiers

GENEVA (AP) — With the normally brisk Easter season around the corner, the mood in Switzerland’s chocolate business is bittersweet, thanks to high cacao prices and — now — the newly added U.S. tariffs on imports. Many Swiss, from the government to chocolatiers to watchmakers and other businesses, are sensing “shock” over the tougher American […]

Economics

3 h. ago S&P 500 on brink of bear market as Trump tariff selloff continues

Set to be the second-fastest plunge of the 14 bear markets since the Second World War

Economics

4 h. ago UBS Wealth Warns of Damage Tariffs Will Do to Energy Transition

The energy transition looks set to suffer a meaningful blow amid the continued decoupling of trade ties between the world’s two largest economies, according to analysts at UBS Group AG’s global wealth management arm.

Economics

5 h. ago Federal Election: Mark Carney marks start of B.C. tour with campaign stop in Victoria

The Liberal Leader said he would protect workers from U.S. tariffs by building new trade relationships overseas and breaking down interprovincial trade barriers

Politics

5 h. ago Ontario offers $11 billion in relief to businesses stung by U.S. tariffs

TORONTO — The Ontario government says it will provide about $11 billion in relief and support for businesses stung by U.S. tariffs. Premier Doug Ford says the measures will help workers and businesses deal with U.S. President Donald Trump’s “attacks on Ontario’s economy.” The government says it will defer select provincially administered taxes for six […]

Economics

5 h. ago What is B.C.'s energy future? Liberals, Conservatives 'offer two different visions'

As U.S. President Donald Trump sows economic uncertainty with tariffs, the issue of how Canada develops its energy sector is particularly relevant in this Canadian election

Other

5 h. ago Thailand Won’t Rush to Reduce Taxes on US Imports, Official Says

Thailand’s strategy to minimize the hit from US tariffs will include pledges to import more goods and ramping up of US investments, and not any outright offer to cut import taxes, according to a government adviser.

Economics