51 m. ago Trump’s Trade War Is Driving US Into Recession, Canada’s Carney Says

Canadian Prime Minister Mark Carney said Donald Trump’s tariff policy is an act of economic self-sabotage that’s pushing the US into a downturn.

Economics

55 m. ago India’s Tariffs on US Goods Not ‘Humongous’, Says Trade Minister

India’s actual tariffs on imports from the US were not high, Commerce Minister Piyush Goyal said on Monday, as the South Asian nation sought to shake off the ‘tariff king’ label put on it by US President Donald Trump.

Economics

81 m. ago Wall Street could be headed for a bear market. Here’s what that means

NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, […]

Other

2 h. ago Jeep Maker Stellantis Offers to Help Suppliers Pay Tariff Costs

Jeep owner Stellantis NV is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war.

Economics

2 h. ago U.S. hits Canada lumber with 34% duties even before Trump tariffs

(Bloomberg) — The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on US materials costs even before President Donald Trump places any new tariffs on the sector. The U.S. currently levies countervailing and anti-dumping duties totaling 14.4%, a level that was set last year. Those are […]

Economics

2 h. ago Toronto rock legend Neil Young attends U.S. protest with 'hands off Canada' sign

Canadian celebrities residing in the United States are starting to speak up in support of their home country, with rock and roll legend Neil Young the latest homegrown talent standing up to U.S. President Donald Trump's tariffs and annexation threats.The 79-year-old rocker — one of the few artists to hold the distinction of being inducted into the Rock and Roll Hall of Fame twice — was spotted at a protest in the Los Angeles suburb of Thousand Oaks, California.Young was one of thousands to take part in the protest on Saturday, which was one of several organized demonstrations held as part of the Hands Off! National Day of Action.Over 2,000 attended Saturday's demonstration in Thousand Oaks, far exceeding the 1,300 protestors expected by organizers.Among the throngs who attended, the Canadian music icon blended in with the pack with the help of a "Hands Off Canada" sign.While Young has an estimated net worth in the vicinity of $200 million, the Rockin' in the Free World s...

Other

2 h. ago Trump’s trade war darkens outlook as 1 in 3 Canadian firms plan for recession

A Bank of Canada survey said 32 per cent of Canadian businesses were planning ahead with the assumption that a recession will occur in Canada over the next year.

Economics

2 h. ago Trump threatens new 50% tariff on China on top of ‘reciprocal’ duties

Trump's response is in reaction to China retaliating to the U.S. "reciprocal" tariffs with a 34 per cent duty of its own on American imports.

Economics

4 h. ago Ontario defers tax collection for businesses amid Trump tariff fallout

With the ongoing economic uncertainty created by Donald Trump’s tariffs, the Ontario government says it is deferring a number of taxes for businesses.

Economics

4 h. ago Carney jokes that it’s a ‘bad idea’ to send ‘Danielle’ to persuade Americans

'And we’re going to send Danielle next, well, maybe we won’t. We won’t send Danielle. That’s a bad idea. Strike that'

Transport

4 h. ago Trump and Netanyahu will meet on tariffs, the war in Gaza and more

Israeli Prime Minister Benjamin Netanyahu will meet President Donald Trump in Washington on Monday, becoming the first foreign leader to visit Trump since he unleashed tariffs on countries around the world. Whether Netanyahu’s visit succeeds in bringing down or eliminating Israel’s tariffs remains to be seen, but how it plays out could set the stage […]

Economics

4 h. ago Markets could get a lot worse as Trump tariffs spark distress

When safe assets, such as gold and government bonds, take a hit, you really are in trouble

Economics

4 h. ago Trump tariffs make Easter bittersweet for Swiss chocolatiers

GENEVA (AP) — With the normally brisk Easter season around the corner, the mood in Switzerland’s chocolate business is bittersweet, thanks to high cacao prices and — now — the newly added U.S. tariffs on imports. Many Swiss, from the government to chocolatiers to watchmakers and other businesses, are sensing “shock” over the tougher American […]

Economics

4 h. ago S&P 500 on brink of bear market as Trump tariff selloff continues

Set to be the second-fastest plunge of the 14 bear markets since the Second World War

Economics

6 h. ago What is B.C.'s energy future? Liberals, Conservatives 'offer two different visions'

As U.S. President Donald Trump sows economic uncertainty with tariffs, the issue of how Canada develops its energy sector is particularly relevant in this Canadian election

Other

6 h. ago Xi Switches to Fighting Mode as Trump Trade Deal Looks Unlikely

President Xi Jinping’s decision to quickly retaliate against Donald Trump’s sweeping tariffs sent the world a clear message: If the US wants a trade war, China is ready to fight.

Economics

6 h. ago Panic Monday: Wall Street follows global markets sharply lower as Trump doubles down on tariffs

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth. European and Asian shares are tumbling sharply, while the leading U.S. index briefly flirted with bear market territory before the opening bell. Oil prices sank again, […]

Economics

6 h. ago Stocks are making wild swings as markets try to assess the potential damage from Trump’s trade war

NEW YORK (AP) — Stocks are sharply swinging down, up, then down again on Wall Street as markets try to assess the potential damage from President Donald Trump’s global trade war. The Dow Jones Industrial Average briefly erased a morning loss of 1,700 points, shot up more than 800 points, then went back to a […]

Economics

7 h. ago Posthaste: Investors warned against catching ‘a falling knife’ as Trump’s tariffs fuel market meltdown

Market forecasts slashed as stock selloff shows no signs of abating

Economics

7 h. ago World stock markets nosedive again amid Trump’s tariff ‘medicine’

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics