21 h. ago Here’s what Canada’s effective U.S. tariff rate might look like after carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import […]

Economics

24 h. ago Here’s what Canada’s effective U.S. tariff rate might look like after the carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import […]

Economics

27 h. ago Here’s where Canada’s effective U.S. tariff rate might stand after the carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import duties […]

Economics

51 h. ago Canada could be trade winner as U.S. tariffs undershoot global competitors by wide margin, says report

Oxford estimates the U.S.'s current effective tariff rate on Canada is 2.5%

Economics

5 d. ago RFK Jr.’s war on mRNA vaccines breeds distrust, threatens Canada’s access to development: Experts

Canadian doctors and scientists say Robert F. Kennedy Jr.’s defunding of mRNA vaccine development projects will have negative health effects in Canada and around the world. University of Saskatchewan virologist Angela Rasmussen says unlike other vaccines, mRNA vaccines can be made very quickly and easily modified to fight new viruses and adapt to changing strains. […]

Sport

5 d. ago Calgary’s Scotia Place arena project continues to dodge costly tariff consequences

The bigger unknown is how Canada may react to the latest increase in tariffs, which took effect last week

Economics

5 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

6 d. ago Le Québec est la province la plus touchée par les tarifs douaniers

À l’échelle du Canada, le taux tarifaire effectif imposé par les États-Unis est de 4,9%, selon une étude.

Economics

7 d. ago Air Canada says Aeroplan to change how members earn points next year

MONTREAL — Air Canada says its Aeroplan loyalty program will change how members earn points next year. The company says after the changes come into effect members will earn points on eligible Air Canada flights based on dollars spent rather than the distance they travel. They will earn a minimum of one Aeroplan point per […]

Other

3 w. ago Google kills ad fee implemented in response to digital services tax

OTTAWA — Google is eliminating a surcharge on ads it previously implemented in response to Ottawa’s now-defunct digital services tax. A year ago, Google said it would put in place a 2.5 per cent surcharge for ads displayed in Canada in response to the tax, effective October 2024. A Google spokesperson says the company has […]

Economics

3 w. ago Environment Canada heat warnings remain in effect from Ontario to Newfoundland

Daytime temperatures from Windsor, Ontario, to St. John’s, Newfoundland, are going to remain hot a little longer. Environment Canada has several heat warnings in effect this morning, along a 2,400-kilometre stretch of southeastern Canada. The warnings forecast daytime highs in some areas between 31 and 34 degrees Celsius — with a humidex of 37 to […]

Other

3 w. ago Heat warnings remain in effect from Ontario to Atlantic Canada

Daytime temperatures from Windsor, Ontario, to St. John's, Newfoundland, are going to remain hot a little longer.

Other

3 w. ago Indonesia to Continue Talks on Jets, Minerals After Tariffs Deal

Indonesia will keep talking with the US on sectoral tariffs, jet purchases and critical minerals after securing a 19% baseline tariff rate on exports to the world’s largest economy, a government adviser said Thursday.

Economics

3 w. ago Trump Eyes Tariff Rate of 10% or 15% for More Than 150 Countries

President Donald Trump said he would send letters to more than 150 countries notifying them of tariff rates and that the levies imposed could be 10% or 15% as he forges ahead with his trade agenda.

Economics

4 w. ago India Seeks Lower Tariff Than Indonesia in Race to Clinch Deal

Indian officials are hoping to secure a trade deal with US President Donald Trump at a lower tariff rate than he’d agreed with Indonesia as New Delhi races to meet an Aug. 1 deadline.

Economics

4 w. ago Trump Tariffs Once Viewed as Punitive Now Win Market Approval

Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.

Economics

4 w. ago McDonald’s Canada announces new CEO, taking effect in September

McDonald’s Canada has announced Annemarie Swijtink as its new CEO. Swijtink is currently the managing director of McDonald’s Netherlands and has held the position since June 2022. The current McDonald’s Canada CEO, Michele Boudria, has been in the role since 2022 after becoming the first woman in the position. McDonald’s Canada says Boudria’s legacy as […]

Other

4 w. ago Treasuries Resume Slide as CPI Fails to Quell Inflation Fears

Treasury yields resumed climbing Tuesday after June consumer prices data failed to quell anxiety about the potential for tariff-driven inflation to delay Federal Reserve interest-rate cuts.

Economics

last month Cabinet to meet Tuesday as Trump says 35% tariff letter is ’the deal’

Prime Minister Mark Carney is set to meet with his cabinet on Tuesday, as President Donald Trump says his letters threatening upwards of 35% tariffs to Carney, and other leaders are “the deals.” The president sent Carney a letter late last week saying Canada will face a 35% tariff rate after Aug. 1, while other […]

Economics