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Canada’s trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5 per cent in March, driven by a 2.9 per cent slump in imports from the U.S. after Canada imposed …
Read More »68,000 job losses possible in Ontario this year due to U.S. trade war: report
U.S. tariffs and Canada’s response could result in 68,100 fewer jobs in Ontario this year, a new report estimates. This figure may increase to 119,200 jobs in 2026 and 137,900 jobs in 2029, according to the report by the Financial Accountability Office of Ontario (FAO), released Wednesday. The FAO provides …
Read More »N.B. premier’s internal trade moves don’t touch industry protection
Premier Susan Holt’s bold talk about “eliminating” and “tearing down” interprovincial trade barriers still has a long way to go before it catches up with economic reality. Holt’s latest shuttle diplomacy on internal trade took her to Newfoundland and Labrador, where she signed another memorandum of understanding with another counterpart. …
Read More »China slaps 34% retaliatory tariff on the U.S., says Trump’s levy ‘seriously violates’ world trade rules
China announced Friday that it will impose a 34 per cent tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff …
Read More »As U.S. tariffs roil markets, Canadian businesses build on European ties at world trade fair
In a sprawling exhibition centre in Hanover, Germany, thousands of businesses, including 250 from Canada, are taking part in one of the world’s largest trade fairs focused on industrial technology and innovation. Rows of booths and flashy displays are meant to spark conversation, but much of the discussion has been …
Read More »NDP proposes reviving war-era Victory Bonds to raise money for trade fight with U.S.
NDP Leader Jagmeet Singh says a government led by him will issue “Victory Bonds” to raise the money needed to strengthen the Canadian economy through the trade war with the United States. The plan would see the federal government offer five- and 10-year bonds that Canadians can buy through a …
Read More »Russia, Ukraine trade accusations of infrastructure attacks after Putin-Trump call
Russia and Ukraine accused each other on Wednesday of launching air attacks that sparked fires and damaged infrastructure just hours after their leaders agreed to a limited ceasefire to halt attacks on energy infrastructure. Russian President Vladimir Putin agreed to temporarily stop attacking Ukrainian energy facilities but declined to endorse …
Read More »EU retaliates against Trump’s trade moves and slaps tariffs on produce from Republican states
The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25 per cent. The world’s biggest trading bloc was expecting the U.S. tariffs and prepared …
Read More »Trade war: The view from Mexico
Front Burner How are the U.S. tariff threats being seen from Mexico, the other target of Trump’s trade war? How is it similar to Canada, and how is it different? CBC News · Posted: Mar 11, 2025 8:00 AM EDT | Last Updated: 3 hours ago Mexico’s President Claudia Sheinbaum …
Read More »How a century-old, Canada-U.S. collaboration keeps Niagara Falls shining bright — even in a trade war
No matter the tariffs, trade wars or political threats of the day, when the sun sets every night, Canada and America’s shared Niagara Falls will continue to be lit up as one. “I hope it symbolizes that these two countries really do have so much in common, so much to share and that our …
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