13 h. ago U.S. and Canada restart trade talks after conflict over digital services tax

Canada’s move to drop the tax came just as the first payment under the tax was about to come due

Economics

14 h. ago UK Stands by Digital Tax After Canada Bows to Trump Pressure

The UK is currently planning to keep its digital services tax, a person familiar with the matter said, after Canadian Prime Minister Mark Carney scrapped their own levy to restart trade talks with President Donald Trump’s administration.

Economics

14 h. ago White House confirms U.S. will restart trade talks with Canada

OTTAWA — White House adviser Kevin Hassett says the U.S. will immediately restart trade talks with Canada, after Prime Minister Mark Carney eliminated Canada’s digital services tax. President Donald Trump suspended talks with Canada on Friday over the tax. More coming.

Economics

18 h. ago Canada to rescind digital services tax to revive U.S. trade talks

The federal government said it will rescind the digital services tax "in anticipation" of coming to a trade deal with the U.S., following President Donald Trump cutting off talks.

Economics

18 h. ago ‘Thank you Canada for removing your Digital Services Tax,’ U.S. Commerce Secretary Howard Lutnick says

In a post on social media, Lutnick says the tax would have been 'a deal breaker' for any trade deal with the U.S.

Politics

19 h. ago Canada cancelled its digital services tax. What was it and why did the U.S. hate it?

Here's a brief look at what the tax was about and why Trump made such a drastic move to try and kill it

Economics

26 h. ago Canada Drops Digital Tax That Infuriated Trump to Restart Trade Talks

Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US.

Economics

3 d. ago What is Canada’s digital services tax and why is it infuriating Trump? 

Trump abruptly cut off all trade negotiations with Canada, citing Ottawa’s DST for the decision

Economics

3 d. ago Trump ‘terminating all discussions’ on trade with Canada over digital tax

The Digital Sales Tax is a 3% tax applied to digital services that rely on engagement, data and content contributions

Economics

3 d. ago Trump says he’s terminating trade talks with Canada over tax on technology firms

WASHINGTON (AP) — President Donald Trump said he’s immediately suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network on Friday, said that Canada had just informed the U.S. […]

Economics

3 d. ago BREAKING: Trump ‘terminating’ trade talks with Canada over digital services tax

The U.S. President made the announcement on Friday on his social media network Truth Social

Economics

3 d. ago Trump says he’s ‘terminating’ trade talks with Canada over digital services tax

'We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,' Trump posted

Economics

3 d. ago Trump ceasing all trade talks with Canada ‘effective immediately’

Trump blamed "400% tariffs" on farming, dairy quotas and Canada's Digital Services Tax for the change

Economics

3 d. ago Trump says U.S. terminating trade talks with Canada ‘effective immediately’

Trump said on Truth Social the decision was due to Canada moving ahead with a digital services tax on American technology firms that operate in Canada.

Economics

3 d. ago Trump ’terminating’ trade talks with Canada over digital tax

WASHINGTON (AP) — President Donald Trump said he’s immediately suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network on Friday, said that Canada had just informed the U.S. […]

Economics

3 d. ago Almost 22 million Canadians getting income tax cut next week

Canada is set to move forward with its proposed middle-class income tax cut on Tuesday.The federal government will deliver tax relief to Canadians by reducing the lowest marginal personal income tax rate from 15 per cent to 14 per cent, effective July 1.According to Finance Canada, nearly 22 million Canadians are expected to benefit from the income tax cut.The measure would reduce the tax rate that is applied to the first $57,375 of an individual's taxable income in 2025, regardless of their income level.A majority of the tax relief will go to Canadians in the two lowest tax brackets (those with taxable income under $114,750 in 2025), including nearly half to those in the first bracket ($57,375 and below in 2025).Ottawa says the maximum tax savings will be $420 per person and $840 per couple in 2026. All in all, this is expected to deliver over $27 billion in tax savings to Canadians over five years, starting in the 2025/2026 tax year.Since the tax cut will take effect halfway t...

Economics

3 d. ago Electric vehicle mandate risks being next carbon tax without ‘adjustments,’ EV industry warns

'Lowering the targets between now and 2030 would be a reasonable path'

Transport

5 d. ago Opinion: Canada should press pause on the Digital Services Tax

The head of the American Chamber of Commerce in Canada argues now is a bad time to impose a new tax on big U.S. tech companies

Economics

7 d. ago Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not […]

Other

8 d. ago Uncertainty reigns as trade tensions, tax shifts cloud Bank of Canada’s inflation outlook

Canada's latest inflation report will help determine whether the Bank of Canada moves ahead with an interest rate cut

Economics