1 hour ago Ottawa councillor warns U.S. mayors of the costs of Trump's trade war

In Washington D.C., Coun. Tim Tierney made clear the costs to American municipalities of tariffs to U.S. mayors.

Economics

3 h. ago U.S. tariffs push Ottawa to invest more in Canadian steel, aluminum projects

OTTAWA — Industry Minister Francois-Philippe Champagne directed his department on Wednesday to prioritize investments in projects that primarily use Canadian steel and aluminum — part of Ottawa’s reply to the Trump administration’s trade war. Champagne said the move is in response to the “unfair and unjustified” 25 per cent tariffs on steel and aluminum levied […]

Economics

3 h. ago Canada files World Trade Organization complaint over Trump metals tariffs

The complaint has been raised over U.S. President Donald Trump's tariffs on steel and aluminum imports into the United States, including from Canada.

Economics

4 h. ago What Doug Ford and Mark Carney ate during meeting at Toronto diner

Recently re-elected Ontario Premier Doug Ford and Prime Minister-designate Mark Carney made headlines on Wednesday when they came together for their first face-to-face meeting, ahead of Ford's trip to Washington D.C. to discuss the ongoing trade issues with Trump's administration. The breakfast meeting, which was hosted at Wally's Grill in Etobicoke (located at 123 Rexdale Blvd.), allowed the two politicians to align their strategies on how best to approach U.S. President Donald Trump's stance on tariffs and free trade. Owner of Wally's Grill, George Gianakopoulos, told blogTO that "everyone had a positive experience" when the two politicians popped by for some breakfast yesterday morning. "We were thrilled to host Premier Doug Ford and Prime Minister Mark Carney's breakfast meeting today. All the customers wanted to take photos with them and they obliged," Gianakopoulos said. "The two enjoyed their breakfast and Mr. Carney...

Transport

7 h. ago Trump Vows 200% Tariff on EU Wine, Escalating Trade Tensions

President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, the latest escalation in a brewing trade war between the US and the EU.

Economics

8 h. ago Trump’s trade war looms over G7 foreign ministers meeting in Canada

A major foreign-policy summit is underway in Quebec Thursday, with the Liberals welcoming foreign ministers from the U.S., Europe and Japan.

Politics

9 h. ago Trump’s trade war in focus as ministers, Ford talk tariffs with U.S.

Finance Minister Dominic LeBlanc, Ambassador to the U.S. Kirsten Hillman and Ontario Premier Doug Ford are meeting with Howard Lutnick.

Economics

11 h. ago Threat to tariff or cutoff U.S. energy stays on the table as Ford heads to Washington

Doug Ford is set to fly in and out of the U.S. capital on Thursday for a meeting with President Donald Trump's commerce secretary which could calm or reignite trade tensions.

Economics

15 h. ago Asian shares decline despite rebound on Wall St as investors await next steps in trade wars

BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index […]

Economics

26 h. ago Multistrategy Hedge Funds’ Haven Appeal Tested Amid Trump Trade War

Multistrategy hedge funds are facing their biggest challenge since the early days of the pandemic amid a market selloff that’s forcing them to unwind crowded trades at a ferocious clip.

Economics

26 h. ago Doug Ford and Mark Carney have first meeting over breakfast at Toronto diner

Ontario Premier Doug Ford and Prime Minister-designate Mark Carney came together for their first face-to-face meeting on Wednesday morning, ahead of Ford's upcoming trip to Washington D.C. to address the ongoing trade issues with the U.S. The breakfast meeting was held at Wally's Grill in Etobicoke, located at 123 Rexdale Blvd., and was a chance for the two leaders to strategize on how to approach U.S. President Donald Trump and his administration regarding tariffs and free trade concerns. "This morning, I met with Mark Carney, Canada's incoming prime minister for a positive and productive discussion," Ford wrote in a statement posted to X.The premier emphasized the importance of holding ground against U.S. tariffs, writing that he and Carney agreed "on the need to stand firm and strong in the face of President Trump's threats, including additional retaliatory tariffs in response to U.S. tariffs on steel and aluminum, which will raise costs for American businesses and...

Transport

27 h. ago Trump Bemoans Trade Deficits, Pines for Ireland’s Tax Breaks

US President Donald Trump assailed what he cast as imbalances in global trade during a meeting with Irish Prime Minister Micheál Martin, reiterating his threat to impose reciprocal tariffs on other nations.

Economics

30 h. ago EU retaliates against Trump’s trade moves and hits beef, whiskey, motorcycles with targeted tariffs

BRUSSELS — The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%. The world’s biggest trading bloc was expecting the U.S. tariffs and prepared in advance, but the measures […]

Economics

31 h. ago Goldman Sachs Warns of Stress on Corporate America From Tariffs

Goldman Sachs Group Inc. is turning more cautious on US credit and equity markets, becoming the latest on Wall Street to sound the alarm as the world’s largest economy is battered by President Donald Trump’s escalating trade war.

Economics

35 h. ago In America’s ‘most Canadian town,’ Trump’s trade war wounds wallets and hearts

The tiny community of Point Roberts is a little bit of America, firmly fixed to British Columbia. It’s the result of a cartographic quirk, occupying the southern tip of the otherwise-Canadian Tsawwassen peninsula that is surrounded by water, but dangles south of the 49th parallel. The exclave gets water and electricity from Metro Vancouver and […]

Economics

35 h. ago Trump’s escalating trade war looms over Bank of Canada rate announcement

Economists are expecting a further rate cut by the Bank of Canada on Wednesday as the threat of tariffs by U.S. President Donald Trump continues to loom over Canada.

Economics

39 h. ago Trump Extends Trade Fight as Steel, Aluminum Tariffs Take Effect

President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, extending his trade wars to more of the US’s top trading partners in a risky bid to revive an industrial base that migrated over decades to foreign competitors.

Economics

39 h. ago Trump’s Trade War Expands as Metal Tariffs Spur EU Retaliation

President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.

Economics

45 h. ago Doug Ford, Donald Trump to talk as trade war ratchets up: 'Stop the bleeding'

Ontario Premier Doug Ford agreed Tuesday to suspend the province’s surcharge on electricity it exports to three states after a top American official extended an “olive branch” in the form of a meeting in Washington to talk free trade. Ford called Tuesday for cooler heads to prevail in the United States’ trade war against Canada, […]

Economics

48 h. ago Poilievre wants to impose 50% metal tariffs on U.S. after latest Trump threat

OTTAWA — Conservative Leader Pierre Poilievre says Canada should hit the U.S. with matching 50% tariffs on steel and aluminum in reply to U.S. President Donald Trump’s latest trade war escalation. Trump says he will double the steel and aluminum tariffs he promised to deploy on Canadian products tomorrow — to 50% — in response […]

Economics