3 h. ago Top Trump officials to meet with Chinese counterparts amid trade war

WASHINGTON — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday, in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports. Treasury Secretary Scott Bessent and trade representative Jamieson Greer will meet […]

Economics

3 h. ago Top US officials will meet with Chinese delegation in Switzerland in first major talks of trade war

WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their […]

Politics

4 h. ago WestJet cuts nine U.S. routes, including Vancouver to Austin

Many Canadians are still avoiding the U.S. because of the trade war and the anti-Canada rhetoric unleashed by President Donald Trump.

Transport

6 h. ago WestJet suspends nine U.S. routes as Canadians avoid America

The move underscores that many Canadians are still avoiding the U.S. because of the trade war and the anti-Canada rhetoric unleashed by President Donald Trump

Transport

11 h. ago Toronto home sales taking absolute nosedive and nobody wants to buy

While the trade war is expected to have some effect on Toronto area real estate, given the substantial blow it's posing to Canada's economy overall, the market has already been in the pits for years now, falling far from the days of quick, easy sales for well over asking price.Listings keep accumulating — putting Toronto at the top of the nation's list for most homes hitting the market — while sales are diminishing to rock bottom levels not seen in decades.April's numbers, just released by the Toronto Regional Real Estate Board (TRREB) on Tuesday, serve to reinforce fears that we may have yet to see the worst for local homeowners, many of whom vastly overpaid for the dream of owning a space of their own in the infamously overvalued city.Last month saw 23.3 per cent fewer homes changing hands across the Toronto area than in April of 2024, making for the worst non-pandemic April for sales in 29 years.The average selling price o...

Other

14 h. ago  London and area home sales are the latest casualty in the tariff and trade war between Canada and the U.S., as economic uncertainty has buyers “sitting on their wallets,” said the chairperson of the

London-area home sales are the latest casualty in the U,S.-Canada tariff and trade war.

Economics

17 h. ago Canadians are bracing for more food inflation amid U.S. trade war: new report

Despite continued affordability concerns, trust in all food institutions increased, the second issue of the Canadian Food Sentiment Index shows

Economics

21 h. ago Tariffs Force Bank of England to Consider Faster Pace of Cuts

The Bank of England is set to cut interest rates by a quarter point this week and may even pave the way for a series of back-to-back reductions for the first time since 2009 as it responds to America’s global trade war.

Economics

23 h. ago Chinese Plastics Makers Risk Losing Iran Supply on US Crackdown

Iranian methanol exports to China — which have so far flown under Washington’s radar — may be subject to scrutiny after the US threatened to impose secondary sanctions on buyers of the country’s oil.

Other

28 h. ago Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Other

38 h. ago Restaurant sales projected to contract in 2025 amid trade war with U.S., despite a strong start to the year thanks to the GST/HST holiday

Toronto, May 05, 2025 (GLOBE NEWSWIRE) — While the GST/HST holiday prevented foodservice bankruptcies and boosted sales and employment in the first two months of 2025, the tariff war has thrown the industry into uncharted waters, finds Restaurants Canada’s latest Quarterly Report. Restaurants Canada’s updated 2025 commercial foodservice sales forecast is now in negative territory. […]

Society

51 h. ago Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market

Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war.

Other

61 h. ago ‘Time to put emotions aside’: Alberta’s case against retaliatory tariffs

We’re in a trade war and agriculture is a pawn. 'Retaliating is only going to result in what we saw with China,' Alberta's agriculture minister says

Economics

3 d. ago Berkshire’s Warren Buffett Says Trade Can Be an ‘Act of War’

Berkshire Hathaway Chief Executive Officer Warren Buffett addressed US President Donald Trump’s tariff policies at the company’s annual meeting in Omaha, saying trade “should not be a weapon.”

Economics

3 d. ago Answer to a fractured economy: A northern corridor for trade, energy, and reconciliation

The ground is shifting beneath Canada. The emerging trade war with the United States — marked by tariffs, economic coercion and political brinkmanship — is forcing a long-overdue reckoning. Canada’s dependence on a single export corridor to the U.S. has made our economy vulnerable, leaving our industries exposed. A response is required, not through defensive […]

Economics

4 d. ago 'Disproportionately punish Canadians': Book industry worries about the possibility of tariffs in trade war

Thousands of Canadian authors have dreamed of the success of blockbuster Canadian author Louise Penny, whose internationally beloved Inspector Gamache books are indisputably Canadian content, set in the made-up, quirky Quebec hamlet of Three Pines. But where a Canadian story is imagined, written, agented, printed, published, and promoted for maximum international market impact — these […]

Economics

4 d. ago Mark Mobius says his fund holds 95% in cash on trade war risks

Mobius expects India to benefit, as Trump looks to reshape supply chains away from Asia’s largest economy

Economics

4 d. ago Prime Minister Carney to meet with President Trump on Tuesday

Prime Minister Mark Carney says he will travel to Washington on Tuesday to meet with U.S. President Donald Trump for the first time since the April 28 election. The two are set to discuss Trump’s trade war on Canada, and the talks could set the stage for negotiation of a new trade and security pact […]

Politics

4 d. ago Auto Workers Welcome Trump’s Tariffs – No Matter What’s Happening on Wall Street

Some auto workers like James Benson Jr. are all-in on President Donald Trump’s trade war — and they don’t mind if it causes some short-term pain for both Wall Street and Main Street.

Society

5 d. ago Oil Renews Slide Before OPEC+ Meeting That May Agree Supply Hike

Oil declined at the end of a volatile week as traders weighed a potential supply hike from OPEC+ and the trade war’s risks to demand, against a fresh threat of US sanctions against Iranian flows.

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