69 h. ago Opinion: Trump’s reciprocal tariffs will be worse than you think

If you apply the template in the administration's memo last month, the rate could get to a toe-curling 35 to 40 per cent

Economics

5 d. ago ‘Prepare for the worst,’ Carney says on plans as new Trump tariffs near

Prime Minister Mark Carney, who is campaigning as Liberal leader, was asked what Canada’s strategy should be ahead of Trump's tariff deadline on April 2.

Economics

2 w. ago Asian Shares Poised to Slide Following US Selloff: Markets Wrap

Asian stocks were poised to track US losses that dragged the Nasdaq 100 to its worst day since 2022, as anxiety mounts that tariffs and government firings will torpedo growth in the world’s largest economy.

Economics

2 w. ago Stock Selloff Extends to Asia on Growth Concerns: Markets Wrap

Asian shares fell for a third consecutive session Tuesday, tracking US losses that dragged the Nasdaq 100 to its worst day since 2022, as anxiety mounts that tariffs and government firings will torpedo growth in the world’s largest economy.

Economics

3 w. ago Confusion in Ontario about what happens to U.S. alcohol taken off LCBO shelves

Premier Doug Ford was exceptionally swift in following through on his commitment to clear U.S. products from LCBO shelves provincewide this week as Canada grapples with President Trump's injurious tariffs.The whole situation has been beyond bewildering for citizens, with Trump threatening to impose the 25 per cent levies on most goods, then backtracking and deferring them at the last second, and flip-flopping multiple more times before indeed implementing the tariffs at 12:01 a.m. Tuesday.Also somewhat confusing are the steps that various levels of government here in Canada are taking in response, including culling U.S. booze from the market.Though the move has proven to be quite popular, strategic and symbolic — with residents enthusiastically in support, and some alcohol brands calling it "worse than a tariff" — people are wondering who is on the financial hook for the countless bottles that have now been with...

Other

3 w. ago U.S. tariffs threaten thousands of Canadian tourism industry jobs

A non-profit organization in Canada is warning that tariffs could lead to further financial losses and widespread layoffs in the country's tourism industry.The Canadian Association of Tour Operators (CATO), which represents parts of the country's overall tourism industry, is pushing for change to reduce further impact. According to CATO, U.S. President Donald Trump's plan to impose 25 per cent tariffs on Canada has "already caused significant damage" even before tariffs took effect on Tuesday."As for the vital tourism sectors of both the United States and Canada, the costs are being felt across the industry, from hotels and restaurants to travel agencies, tour operators, and transportation services," reads a statement emailed to Daily Hive. "Thousands of jobs are at risk, and without swift and decisive action, the consequences will only worsen. We cannot afford to stay silent."Despite the impact of tariffs, the organization said that "it's not too late to turn the tide." It's urging...

Economics

3 w. ago Matthew Lau: The free market can protect us from Trump, but only if we let it

Once the initial pain from tariffs wears off, government intervention would only make things worse

Other

3 w. ago European Stocks Fall Most in Seven Months on Trade War Worries

European equities suffered their worst day in seven months, with tariff-exposed stocks sinking as the global trade war intensified.

Economics

3 w. ago Canadian business groups say trade uncertainty has already done damage

The head of the Canadian Federation of Independent Business says across-the-board U.S. tariffs on imported goods would be a worst-case scenario if they kick in tomorrow. But Dan Kelly says even if there’s another last-minute reprieve from U.S. President Donald Trump, the ongoing threat and uncertainty would continue to inflict economic damage. He says some […]

Economics

3 w. ago Asian Currencies Face Renewed Headwinds as Tariff Fears Escalate

The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs on China, curbing optimism that his threats were mainly bargaining ploys.

Economics