7 d. ago China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to take steps to ease a trade war. Beijing announced new export […]

Economics

1 week ago Ontario Deficit to Shrink Despite Trade Turmoil, Slow Growth

Ontario’s budget shortfall is forecast to improve on stronger tax revenues, though the trade war with the US is keeping the government cautious on its economic growth predictions.

Economics

1 week ago Air freight company Cargojet feels pain of trade war as profits plunge

MISSISSAUGA — Cargojet Inc. is reporting a 70 per cent drop in profits amid a cross-border trade war that has upended shipping and supply chains. The air freight company says net earnings fell to $8.8 million in its latest quarter from $29.7 million a year earlier. Cargojet says revenues decreased to $219.9 million from $245.6 […]

Economics

1 week ago Air Canada ramps up flights at home, overseas as travellers shun U.S.

MONTREAL — Air Canada is looking beyond the U.S. as Canadians continue to shun their neighbour amid the trade war, all as the company tries to bounce back from a costly summer strike. The country’s largest airline has ramped up flights at home and in Europe, the Caribbean and Latin America in response to travellers’ […]

Other

1 week ago Canola and food exports: What Budget 2025 proposes as trade war continues

The Liberal government is promising new supports for canola farmers and other sectors hit by U.S. and international tariffs in the federal budget released Tuesday.

Economics

1 week ago Carney’s first budget gives corporations a free ride and leaves working Canadians behind

OTTAWA — CUPE, Canada’s largest union, says Mark Carney’s first federal budget gives corporations a free ride while leaving working Canadians behind with major austerity and cuts to programs and services. “While workers struggle with soaring prices and Donald Trump’s trade war, it’s clear from this budget that Mark Carney is fighting for boardrooms and […]

Transport

1 week ago Shopify merchants not weighed down much by trade war, company says

As retailers head into their busiest shopping season, they and their customers don’t appear to be feeling too bogged down by U.S. tariffs that have coloured much of the year. That’s according to executives at Shopify Inc., one of the world’s most prominent makers of e-commerce software. “When we look at the trade routes, when […]

Economics

2 w. ago 'Elbows up' movement boosting London tourism sector: 'Great to see' 

An organic U.S. boycott by Canadians, sparked by the ongoing trade war, appears to have reached a new high point in August.

Other

2 w. ago Trump efforts to help US coal undercut by export drop during trade war

FORT COLLINS, Colo (AP) — President Donald Trump’s efforts to help the U.S. coal industry at home are being undermined by falling sales abroad amid his trade war with China, new government reports show. China has stopped importing U.S. coal, accounting for most of a 14% decline in U.S. coal exports so far this year, […]

Economics

2 w. ago TFI International dims forecast as tariffs damage freight demand in trucking

MONTREAL — The cross-border trade war has thrown up a big roadblock for trucking company TFI International Inc., which saw year-over-year profits plunge by a third in its latest quarter and prompted a lower-than-expected financial forecast for the rest of 2025. The ongoing uncertainty surrounding tariffs and potential trade deals have had a “big effect” […]

Society

2 w. ago CN Rail cuts spending, jobs amid tariff crunch, even as profits rise

MONTREAL — Canadian National Railway Co. on Friday spelled out cuts to its workforce and capital spending as it wrestles with plateauing freight volumes caused by the cross-border trade war, even as it turned a tidy profit in its latest quarter. The country’s largest railroad operator boosted net income five per cent year-over-year to $1.14 […]

Economics

2 w. ago Shares in Asia mostly retreat despite Trump’s trade truce with Xi

MANILA, Philippines (AP) — Asian shares were mostly lower Friday after U.S. stocks fell back following President Donald Trump’s meeting with China’s leader, Xi Jinping. Despite the two leaders’ agreement to extend a truce in the trade war between the two largest economies, Chinese markets declined on concerns over persisting tensions between Washington and Beijing. […]

Economics

2 w. ago China’s factory activity contracts for 7th month, reflecting tariffs pressure on trade

HONG KONG (AP) — China’s factory activity contracted for the seventh consecutive month in October, the government said Friday, as a newly announced truce in the trade war between the U.S. and China offers some hope for a stronger recovery in exports. The official manufacturing purchasing managers index slipped to 49 in October from 49.8 […]

Economics

2 w. ago APEC leaders to open summit after Trump and Xi agreed on steps to ease trade tensions

GYEONGJU, South Korea (AP) — Leaders of 21 Asian and Pacific Rim nations were set to open their annual summit Friday to discuss how to promote economic cooperation and tackle shared challenges, a day after President Donald Trump and Chinese President Xi Jinping agreed to take steps to ease their escalating trade war. This year’s […]

Politics

2 w. ago APEC leaders open economic summit after Trump and Xi agreed on steps to ease trade tensions

GYEONGJU, South Korea (AP) — Leaders of 21 Asian and Pacific Rim nations opened their annual summit Friday to discuss how to promote economic cooperation and tackle shared challenges, a day after President Donald Trump and Chinese President Xi Jinping agreed to take steps to ease their escalating trade war. This year’s two-day Asia-Pacific Economic […]

Politics

2 w. ago Carney, Trump attend South Korean president’s dinner amid trade war

It marks the first time Prime Minister Mark Carney has been in the same room as Donald Trump since the U.S. president cut off trade talks with Canada last week.

Economics

2 w. ago Canada Rebuilds Asia Trade Ties to Counter Trump Tariff Pain

President Donald Trump’s latest tariff salvo against Canada landed just as Mark Carney was setting out on a mission to insulate his country from the fallout of the trade war.

Economics

2 w. ago As exports ‘plunged’ Canadian consumers kept spending: Statistics Canada’s pulse check on tariff effects so far

From jobs to prices, here's how the trade war is shaping parts of Canada's economy

Economics

3 w. ago Canadian workers rattled by Trump trade reversal: ‘Just don’t know anymore’

For Canadians with jobs on the frontline of the tariff war, President Donald Trump’s surprise decision to end trade talks has intensified anxiety about their future — uncertainty that has become a daily reality. “You just don’t know anymore what’s going to happen day-to-day, week-to-week. There’s so much insecurity,” said John D’Agnolo, who leads an […]

Society

3 w. ago WARMINGTON: Trade war between Canada and the U.S. heats up over Ford’s ad

Trump says Canada 'cheated,' Ford believes countries remain 'friends'

Economics