8 h. ago Carney’s Liberals Win Canada Election, Setting Up Talks With US

Canada’s Liberal Party won a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war.

Politics

8 h. ago Mark Carney projected as winner of Canadian federal election

The 45th Canadian federal election results are in, and the Liberal Party of Canada, led by Mark Carney, is projected to form government.Either party needed 172 seats out of a possible 343 to form a majority.As of this article's publication, the count shows the Liberal Party of Canada winning 130 seats and the Conservative Party of Canada winning 89 seats. Many seats are left to be decided but several publications have now called a majority for Carney.Carney and Conservative leader Poilievre ran two very different campaigns, and U.S. President Donald Trump was a significant factor in political conversations leading to the election. Tariffs and the trade war took up considerable time on the campaign trail for both leaders.Trump even got involved on the morning of election day.As of the time of writing, the Liberal Party jumped to an early lead as results started to roll in, leading by 132 seats to 88 seats for Conservatives at one point. That ballooned as the day progressed.Lookin...

Politics

12 h. ago Given Trump’s trade war, are Big Tech’s earnings estimates too high?

As Microsoft, Apple, Meta and Amazon prepare to report Q1 results, weaker than expected earnings may cause a further selloff

Economics

14 h. ago Rystad Cuts US Shale Oil Growth View on Tariffs, Lower Prices

Oil industry consultant Rystad Energy has slashed its estimate for US onshore crude growth by more than half for this year, amid lower commodity prices and higher costs brought on by President Donald Trump’s global trade war.

Economics

15 h. ago Sheinbaum’s Popularity Passes AMLO’s, Feeding Mexican Economic Optimism

President Claudia Sheinbaum is more admired by Mexicans than even her popular predecessor Andres Manuel Lopez Obrador, a status that is fueling economic optimism despite risks of a recession and the perils of a US trade war.

Other

17 h. ago Alleged drunk Ontario driver clocked at 200km/h says he was 'late for work'

Times have been pretty darn tough in Ontario, between the present economic recession and sky-high unemployment rates, an ongoing trade war and long-running cost of living crisis, a growing socio-political divide and general lack of faith in various levels of government — need we go on?But even if it feels like it's all been more than enough to make us all collectively lose our cool or lean into our vices, there's no excuse or explanation for what one Toronto resident was caught doing behind the wheel this weekend.Putting both themselves and the public in grave danger in the process, an unnamed 25-year-old was pulled over by Ontario Provincial Police (OPP) on Sunday morning after they were clocked going a whopping 200 km/h — which is double the posted limit — along Highway 407.Upon pulling the vehicle over, though, officers discovered that the serious speeding was only the beginning of the motorist's...

Transport

22 h. ago Drillers in Canada Shift to Gas as Trade War Hammers Oil Prices

Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices.

Economics

35 h. ago Oil Ticks Higher With Trade War and China’s Outlook to the Fore

Oil ticked higher after a volatile week as traders parsed the latest signals in the trade war, prepared for details of how China aims to support its economy, and weighed geopolitical developments in Iran.

Economics

42 h. ago ECB Prepares for June Cut as Economy Hurt Even If Trade Is Fixed

European Central Bank officials are preparing to lower interest rates further, expecting lasting damage to the economy from US tariffs even if Donald Trump’s administration softens its stance in the weeks ahead.

Economics

48 h. ago New brands, recipes and habits: How grocery shoppers are standing up to the U.S.

Canada’s trade war with the U.S. has had a swift impact on grocery stores, with companies putting up maple leaf tags on shelves, shifting their product mix and highlighting local items. It has also mobilized many Canadians to change how they shop, and in some cases forgo their preferred products to support domestic companies. Data […]

Other

49 h. ago Shein Hikes US Prices as Much as 377% Ahead of Tariff Increases

Fast-fashion giant Shein Group Ltd. raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in an early sign of the potential effect of the trade war on American consumers.

Economics

3 d. ago UK Government’s Steel Gambit Risks Being Undone by Trade War

The immediate crisis at British Steel has passed, but by taking control of the country’s last maker of virgin steel, the UK government has put itself in the crossfire of a global trade war.

Politics

3 d. ago Trading card hobby in Canada impacted by mounting trade war centred around U.S.

MISSISSAUGA — The international trade war started by U.S. President Donald Trump has complicated collecting trading cards in Canada. Several facets of the hobby have been impacted by the shifting web of tariffs between Canada, China, and the United States, with distributors, retailers, resellers, auction houses and collectors riding the highs and lows. Jeff MacDougall, […]

Economics

3 d. ago Why the Calgary Fire Department doesn't 'buy Canadian' as trade war with U.S. continues

The consolidation of the fire truck manufacturing sector in the United States has contributed to significantly lengthier wait times and inflated costs for new fire trucks, says Calgary's fire Chief

Events

3 d. ago Canada’s Election Winner Faces Economy That’s Near Recession

Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, an immediate test of their governance as President Donald Trump’s trade war grinds business investment and exports lower.

Politics

3 d. ago Economists Say Trade War Makes US Recession Almost a Coin Flip

Forecasters surveyed by Bloomberg now see a 45% of a downturn in the next year, up from 30% in March.

Economics

3 d. ago Africa Suffers Collateral Damage in Trade War. IMF Ready to Help

African economic growth will be slower than forecast due to President Donald Trump’s trade war and his freeze on US aid, the International Monetary Fund said, as it pledged to support countries in need.

Economics

3 d. ago FIRST READING: Analysts predict loonie to rally in case of Conservative win

Assumption is that trade war would wrap up sooner under Poilievre

Other

4 d. ago Russia Set to Hold Rate as Trade Turmoil Clouds Path for Economy

Russia’s central bank is set to hold interest rates at an all-time high as global trade tensions compound risks for the war economy even amid signs that inflation is easing.

Economics

4 d. ago Energy Secretary Tries to Reassure US Oil Bosses Amid Trade War

Energy Secretary Chris Wright sought to reassure US oil companies during a visit to Oklahoma, saying turmoil from President Donald Trump’s trade war is apt to be fleeting and the administration fully supports more crude output.

Politics