14 h. ago GOLDSTEIN: Canada’s retaliatory tariffs having little impact on U.S.

The practical problem Prime Minister Mark Carney faces in negotiating a new trade and security deal with President Donald Trump is that Canada is firing blanks with its retaliatory tariffs against the U.S. The issue, as Carney noted in explaining why “dollar-for-dollar” tariffs against the U.S. won’t work — after he initially supported them while […]

Economics

63 h. ago Automakers ’cautiously optimistic’ on EV mandate changes after meeting with PM

OTTAWA — The head of the Canadian Vehicle Manufacturers’ Association says he’s “cautiously optimistic” the federal government will repeal its electric vehicle sales mandate. Brian Kingston was among several auto industry executives who met with Prime Minister Mark Carney yesterday in Ottawa. Along with discussing the impact of U.S. tariffs, the automakers urged Carney to […]

Other

3 d. ago Trump’s tariffs could cost some American employers US$82.3B: analysis

The analysis by the JPMorganChase Institute is among the first to measure direct costs created by import taxes on businesses with US$10 million to US$1 billion in annual revenue.

Economics

2 w. ago Charting the Global Economy: Key Central Banks Hold on Rates

Central bankers in the US, UK and Japan held the line on interest rates this week as officials attempt to gauge the impact of tariffs, uncertainty about economic activity and war in the Middle East.

Culture

2 w. ago Australia’s Beef Industry Can Wait Out Trump Tariffs, Envoy Says

Australia should maintain its cautious approach to the Trump administration’s “reciprocal” tariffs, despite the potential impact on the beef industry which makes up a major part of the nation’s agricultural exports to the US, according to a government trade envoy.

Economics

2 w. ago Macklem Warns of Firmer Inflation, Uncertainty About Impact of Tariffs

Bank of Canada Governor Tiff Macklem reiterated that he sees inflation running hotter than expected, while saying employment appears to be holding up outside of trade-intensive sectors.

Economics

3 w. ago US Clothes, Toy Costs Show Tariff Hit Only at Margins So Far

For all the hand-wringing about tariffs, Americans are so far experiencing limited inflation from President Donald Trump’s protectionist trade policy.

Economics

3 w. ago U.S. inflation rises slightly. When will tariff impact show?

Economists expect inflation to heat up through the second half of the year. Walmart last month said it would begin raising prices in late May and June.

Economics