The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin. The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the COVID-19 pandemic. More than half […] Economics
Early reports suggest the exemption on goods covered by the CUSMA trade pact would remain in place Economics
OTTAWA — All eyes are on U.S. President Donald Trump as he prepares to hit multiple countries with “reciprocal” tariffs. Liberal Leader Mark Carney is pausing his campaign to take part in meetings in Ottawa ahead of the expected tariffs. On top of the expected “reciprocal” tariffs, it’s not clear whether a temporary pause on […] Politics
OTTAWA — Liberal Leader Mark Carney is pausing his federal election campaign and returning to Ottawa for meetings as prime minister ahead of Wednesday’s announcement on U.S. tariffs. U.S. President Donald Trump is expected to hit multiple countries with “reciprocal” tariffs. The Carney campaign said no details about the meetings are available yet. Carney has […] Economics
In pre-market trading early Thursday, U.S. automaker General Motors Co.'s shares sank 6.5 per cent, while Ford Motor Co. lost 3 per cent. Economics
US President Donald Trump said India will be hit by like-for-like duties from April 2, even as officials in New Delhi scurry to appease Washington by reducing trade barriers. Economics
U.S. tariffs on Canadian dairy and lumber may not arrive until next month, according to interviews President Donald Trump and his top commerce official gave to media outlets this weekend. Trump threatened Friday he may hit Canadian lumber and dairy with “reciprocal” tariffs, which he said could come within days. But U.S. Commerce Secretary Howard […] Politics
