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The Latest Breaking News from Canada

Firms raising prices ahead of trade tariff hikes, report finds

A poll of 1,500 businesses by HSBC found 39% of are increasing prices in anticipation of higher tariffs.

The Independent UK

Ford CEO: 'Tariffs Would Mean Higher Prices for Customers'

Earlier this week, the Trump administration on Monday slapped—then rescinded—a 25-percent tariff on imports from Mexico and Canada. The issue will be revisited in a month, but virtually every financial analyst says tariffs would have significant impacts on a variety of US industries.

Motor1

Trump has done the impossible and turned Canada patriotic

Even the beleaguered Trudeau seems to be doing well out of Trump’s posturing, writes Holly Baxter

The Independent UK

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Starmer speaks to Trudeau on ‘trade and collaboration’ amid tariff fears

The UK and Canada suspended trade negotiations in January 2024 after talks collapsed over disagreements on beef and cheese.

Evening Standard

Starmer underscores importance of trade between allies in call with Trudeau amid tariff fears

The UK and Canada suspended trade negotiations in January 2024 after talks collapsed over disagreements on beef and cheese.

The Independent UK

How Canada’s carbon pricing scheme became a ‘political football’

Liberal leadership hopefuls cool on unpopular policy, as Conservatives hope to make ‘carbon tax’ a key election issue.

Al Jazeera

Trade War Bargain Stocks: Top 3 Picks Too Good to Pass Up

As new tariffs roll out for Canada and Mexico, many investors wonder what the next best play in the markets may be. Wall Street eyes three stocks as winners

MarketBeat

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Why does Trump have the World Cup trophy in the Oval Office - and is it real?

The US President can be seen at his desk with the iconic trophy in the background ahead of next year’s tournament, with the USA co-hosts alongside Canada and Mexico

The Independent UK

Could Canada really stop oil flow to the US in response to Trump tariffs?

Canada, which sends nearly all its crude oil to the US, has little leverage as the US buys most of Ottawa’s products.

Al Jazeera

Trump's Tariff Threats Against Canada And Mexico

Trump's tariff threats on Canada and Mexico paused, but agreements criticized for limited benefits. Uncertainty looms over future trade relations.

Top News

Trump's Second Term Trade War: Potential Economic Consequences

Explore the impact of Trump's trade war, potential escalation, and implications on the U.S. economy and global trade dynamics.

Top News

Mercedes-Benz EVs Get Access To The Tesla Supercharger Network Today

Mercedes-Benz is the latest non-Tesla automaker to gain access to the Tesla Supercharger network in North America. Vehicle owners can top-up their cars’ batteries at Superchargers in the United States and Canada starting today.

InsideEVs

President Trump's Controversial Land Grab Plans

President Trump's controversial proposals to acquire new territories like Greenland and Canada spark debates over sovereignty and international relations, ...

Top News

Betting markets predict higher egg prices and more tariffs

Bettors are forecasting that Trump’s trade war isn’t set to end with the proposed tariffs on China, Canada, and Mexico

The Independent UK

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The Independent UK

U.S. national anthem booed before NBA game in Toronto despite tariff pause

A few fans booed the American national anthem before the Toronto Raptors hosted the New York Knicks on Tuesday night, a sign that some Canadians are still upset despite President Donald Trump’s 30-day pause on tariff threats against Mexico and Canada

Reason

Trump's Tariff Power Grab May not be Over

Yesterday's deals with Canada and Mexico stopped the trade war for now. But Trump may yet return to asserting sweeping authority to impose whatever tariffs he wants.

The Independent UK

Trump’s tariff tactics carry higher economic risks than during his first term

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade

Barchart

Dollar Slides with Bond Yields on Weak US Economic News

The dollar index (DXY00 ) Tuesday fell by -0.94%. The dollar tumbled Tuesday as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. The stabilization of stock prices Tuesday...

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Reason

Trump's Trade War Will Make Energy More Expensive

From gasoline to nuclear power, tariffs will hurt America's energy sector.

The Conversation

Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain

If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

The Conversation

Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms

On Saturday, Feb. 1, 2025, U.S. President Donald Trump announced a plan to slap steep tariffs on imports from key American trading partners – 25% on goods from Mexico and Canada and 10% on imports from China. His stated reason? To curb illegal immigration and drug trafficking.

Reason

Trump's North American Trade War Accomplished Nothing

Canada and Mexico agreed to keep doing things they were already doing, and Trump revealed that he cannot be trusted with unilateral tariff power.

Top News

Canada's Ambassador Rejects Trump's Proposal To Join United States

Canada's ambassador rejects Trump's annexation suggestion, emphasizing sovereignty. Temporary tariff agreement reached.

Fortune

Goldman Sachs says Trump's tariffs could bruise stocks, estimating every 5-percentage-point increase would slash S&P 500 earnings per share by 1%–2%

Before the U-turn on tariffs, Goldman Sachs said “there is a substantial probability that the tariffs on Canada and Mexico will be temporary.”

The Guardian - US

What is motivating Trump’s reckless trade war?

The point is to show the world – not just Canada and Mexico – that he’s willing to mete out big punishments

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