Tariff tug-of-war continues

WASHINGTON — President Donald Trump ‘s threat Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States. As a result, White House trade adviser Peter Navarro said the U.S. president pulled […]

Dairy industry ready for battle

MONTREAL — Canadian dairy farmers say they are less worried about the threat of steep U.S. tariffs than about a looming battle over supply management. U.S. President Donald Trump has threatened to impose what he calls “reciprocal” tariffs on Canadian dairy. The president’s team has repeatedly said that Canada imposes 250% dairy tariffs, without explaining […]

‘Very bad day’ for markets

TORONTO — Stock markets on both sides of the border took a steep tumble Monday as the reality of a U.S.-Canada trade war took further hold, with the TSX losing almost 400 points, while the blue-chip Dow was down almost 900 points and the Nasdaq was 4% lower. “Today is a big, big down day […]

Loblaw introducing tariff tag

As grocers increasingly highlight Canadian products amid a trade war with the U.S., Loblaw is rolling out new symbols alongside prices that include an indication that a product’s price has been affected by retaliatory tariffs. Customers could notice the changes as early as next week, spokeswoman Catherine Thomas said. After U.S. President Donald Trump enacted […]

Market volatility ‘new normal’

TORONTO — Canada’s main stock index fell almost 300 points Thursday, while U.S. stock markets were also down, as the uncertainty around U.S. tariffs on goods from Canada and Mexico mounted. The S&P/TSX composite index closed down 286.78 points at 24,584.04 as U.S. President Trump paused tariffs on goods compliant with the Canada-U.S.-Mexico Agreement for […]

Truckers seek new routes

MONTREAL — Trucking companies have begun to halt shipments, mull layoffs and scramble for new routes as tariffs—and their on-again, off-again implementation—wreak havoc on cross-border trade. The lead-up to U.S. President Donald Trump’s sweeping 25% tariff on Canadian imports as well as retaliatory duties from Canada that took effect Tuesday prompted a surge in deliveries […]

‘Market-moving headlines’ aplenty

TORONTO — Canada’s main stock index rose Wednesday, led by base metals, industrials and technology, while U.S. markets also gained in the afternoon following news that automakers will get a month-long tariff exemption, one day after the U.S. imposed sweeping levies on Canadian and Mexican goods. Markets were flat in the first half of the […]

Tariff reprieve for auto sector

There’s a mix of relief and continued frustration within the auto sector as U.S. President Donald Trump granted a one-month tariff exemption for vehicles traded under the Canada-U.S.-Mexico Agreement. The Canadian Vehicle Manufacturers’ Association, which represents Stellantis, Ford and GM, said it “welcomes” the exemption. “We look forward to working on a permanent solution that […]

Eby fights back against tariffs

B.C. and the rest of the country is strong enough to weather the storm in the threat to Canada’s sovereignty coming from a former friend, B.C. Premier David Eby said. Eby took the unusual step of interrupting B.C.’s budget lockup Tuesday, hours before the financial document was tabled in the legislature, to address how the […]

US faces price increases

President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries—America’s top trading partners—are threatening retaliation. The United States last year did nearly $2.2 trillion in the trade of goods—exports plus imports—with the countries the president is […]