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The Latest Breaking News from Canada

Trump Backs Off Mexico, Canada Tariffs After Market Blowback

Trump signed orders Thursday to hit pause on the fresh tariffs for Canadian and Mexican imports covered by a North American trade agreement, though he dismissed suggestions that his decisions were linked to market turmoil.

International Business Times

Trump administration briefing: Trump changes tack on tariffs – again – as US plans to close consulates

Trump shelves Canada-Mexico tariffs; Musk says he is not to blame for mass firings of federal workers – key US politics stories from Thursday at a glance

The Guardian - US

Trump Car Tariff Pivot And Detroit's 'Big Three'

After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers.

International Business Times

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Crude Prices Recover on Comments from Treasury Secretary Bessent

April WTI crude oil (CLJ25 ) Thursday closed up +0.05 (+0.08%), and April RBOB gasoline (RBJ25 ) closed down -0.0358 (-1.68%). Crude oil and gasoline prices settled mixed on Thursday. Crude oil prices are under pressure as US tariff uncertainty weighs on the outlook for energy demand. Also, ramped-up Russian...

Barchart

As Canadian provinces ditch U.S.-made alcohol, Jack Daniel’s bemoans the 'very disproportionate response': 'It's literally taking your sales away'

The Liquor Control Board of Ontario will pull American-made alcohol from shelves in grocery stores, bars, and restaurants, amid Trump’s 25% tariff on Canadian imports.

Fortune

The Guardian view on why Canada matters: a nation in the global frontline

Editorial: Donald Trump has deliberately picked a fight with its northern neighbour. This malign strategy must be stopped

The Guardian - UK

Trump again spreads baseless claims about Trudeau, Canada’s election

US president accuses outgoing Canadian prime minister of seeking to use issue of tariffs to extend his time in office.

Al Jazeera

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'Power Book III: Raising Kanan' season 4: How to watch the epic crime saga from anywhere in the world

As the Thomas family try to move on, they discover that demons from the past aren't finished with them just yet. Here's how to watch 'Power Book III: Raising Kanan' season 4 online and from anywhere.

TechRadar

Why automakers' short reprieve from tariffs isn't enough to weather Trump's escalating trade war

President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week

The Independent UK

Crude Prices Slip on Energy Demand Concerns and Bountiful Global Oil Supplies

April WTI crude oil (CLJ25 ) today is down -0.42 (-0.63%), and April RBOB gasoline (RBJ25 ) is down -0.0391 (-1.83%). Crude oil and gasoline prices today are moderately lower, but crude oil remains above Wednesday's 1-3/4 year low. Crude oil prices are under pressure as US tariff uncertainty weighs...

Barchart

Trump delays tariffs on many products from Mexico and Canada

US president paused tariffs on Mexican products covered by USMCA and later stayed tariffs on many Canadian imports

The Guardian - US

Canadians protest imports of US toxic waste amid Trump tariff war

Move to expand landfill for US hazardous waste stirs disputes between leaders in Quebec and Montreal suburb

The Guardian - US

Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

The Independent UK

Trudeau’s record may be spotty, but his biggest accomplishment was a national child-care program

As Canada prepares to close the book on the Justin Trudeau era, some will be happy to watch him go. But in Canada’s haste to see him out the door, let’s not forget his government’s significant achievements.

The Conversation

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The Independent UK

Trudeau expects a trade war between Canada and the US for the 'foreseeable future'

Canadian Prime Minister Justin Trudeau says he he expects Canada and the U.S. to be in a trade war for the foreseeable future after having what he called a colorful but constructive call with U.S. President Donald Trump this week

The Independent UK

Trump's erratic trade policies are baffling businesses, threatening investment and economic growth

President Donald Trump’s ever-changing, on-again, off-again tariff war with America’s three biggest trading partners – Mexico, Canada and China — is baffling businesses and causing them to delay or cancel the investments that help drive economic growth

The Independent UK

How Trump justifies his tariffs: From ‘fairness’ to budget balancing

The president has offered an array of reasons to justify the tariffs, despite warnings from experts it could lead to higher prices for U.S. businesses and consumers

Latin Times

Asian Markets Rally On US Tariff Reprieve, Possible China Stimulus

The White House announced Wednesday an exemption on any autos coming through the United States, Canada and Mexico free trade pact, after Trump held talks with the "Big Three" US automakers -- Stellantis, Ford and General Motors.

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The Guardian - US

‘We are not the 51st anything’: viral Canada ad gets Trump-inspired update

Remake of 2000 Molson beer ad has the same message as Trump threatens tariffs: Canada will not cower to the US

Al Jazeera

‘Cool head’: How Mexico’s Claudia Sheinbaum got Trump to halt some tariffs

Unlike Canada’s Trudeau, Sheinbaum has been more diplomatic while insisting on protecting Mexican interests. Here’s why.

Fortune

Trump’s team promised governments would ‘eat’ its tariffs. Execs say they’re passing on at least 50% to consumers

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

The Guardian - UK

Canadians: how is the Trump administration affecting politics in Canada and in your community?

We’d like to hear how the political landscape in Canadian communities, families and workplaces has been affected by the tensions with the Trump administration

Kiplinger

How Trump’s Tariffs Could Impact Your Grocery Bill

Tariffs at the checkout: Preparing for higher grocery bills and how to manage them.

Barchart

Stocks Plunge Before the Open on Higher Bond Yields and Weak Tech Earnings

March S&P 500 E-Mini futures (ESH25) are down -0.92%, and March Nasdaq 100 E-Mini futures (NQH25) are down -1.14% this morning as higher Treasury yields, trade war worries, and disappointing tech earnings weighed on sentiment.

The Guardian - UK

European Central Bank cuts interest rates again, by quarter point – as it happened

Central bank lowers growth projections as it warns trade war fears are hurting Europe

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