21 h. ago Fewer firms report U.S. tariff hit as manufacturing sales edge up in June

OTTAWA — Statistics Canada says manufacturing sales edged up June and a smaller share of firms reported an impact from U.S. tariffs. The agency said Friday that manufacturing sales in June rose 0.3 per cent to $68.5 billion, breaking a streak of four consecutive monthly declines. Petroleum and coal sales increased 11.8 per cent to […]

Economics

45 h. ago U.S. wholesalers saw higher costs than expected in July amid tariffs

U.S. producer inflation increased more than expected in July, signalling President Donald Trump's tariff policies are leading to higher prices, and consumers could be hit next.

Economics

62 h. ago ’THIS IS OUR LIVELIHOOD’: Farmers brace for hit from China’s canola tariff

Farmer Bill Prybylski says China’s planned tariff on canola seed wasn’t factored into his business equations this year. The president of the Agricultural Producers Association of Saskatchewan says the 75.8% preliminary duty, announced Tuesday, has already caused canola prices to fall by $1 per bushel. That translates to a loss of about $200,000 for his […]

Economics

8 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

9 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

1 week ago Michigan Governor Confronts Trump on Tariff Hit to Auto Industry

Michigan Democratic Governor Gretchen Whitmer told President Donald Trump that his tariffs are having a negative effect on her state’s flagship auto industry during a closed-door meeting at the White House.

Politics

1 week ago Swiss Stocks Sink on Tariff Hit as Market Reopens From Holiday

Swiss stocks dropped Monday, nearly erasing their gains for this year, on worries that US President Donald Trump’s punitive 39% export tariff on the country will dent corporate profits.

Economics

1 week ago Swiss Stocks Decline on US Tariffs, Push for Lower Drug Prices

Swiss stocks dropped as the market reopened after a holiday, on worries about the impact from US President Donald Trump’s punitive 39% export tariff and a push for drugmakers to lower prices.

Economics