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As tariffs and countermeasures were placed on steel and aluminum products, one expert says the trade war is not likely to spur U.S. production of those materials and concessions offered by Canada could be a path to success.
A Canadian delegation will engage in talks with its U.S. counterparts in Washington today in an effort to turn down the temperature on the simmering trade war.
Here are five things you need to know this morning.
U.S. Commerce Secretary Howard Lutnick praised the U.K. and Mexico for refraining from engaging in tit-for-tat tariff hikes with the U.S., warning that those trading partners that upset U.S. President Donald Trump with their responses to American protectionist steps open themselves to a severe reaction.
More pain is on tap for craft breweries, homebuilders and manufacturers as U.S. tariffs on imported aluminum — and the counter-levies Canada is lobbing back — drive up costs.
A new poll suggests that 40 per cent of Canadians are worried about losing their jobs as many businesses scale back hiring plans in response to the trade war with the United States.
The effort to shrink the size of the U.S. federal government has resulted in a direct hit on the National Oceanic and Atmospheric Administration. The U.S. Department of Government Efficiency, operated by billionaire Elon Musk, is making cuts to NOAA, with even more staff reductions on the way.
Canada has revealed another batch of tariffs on U.S. imports as the ninth day of a North American trade war marches on.
Ongoing trade tensions with the U.S. could lead to lower growth and higher prices in the Canadian economy, according to one economist, potentially causing the Bank of Canada to move interest rates lower than it otherwise might have.
One mortgage broker says the latest rate cut by the Bank of Canada will benefit homeowners with variable mortgages, but the economic impact of U.S. tariffs could fuel mortgage competition among lenders, weighing on home prices in Ontario.
The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent.
The Bank of Canada lowered its key interest rate as expected on Wednesday, a move two experts say is likely to be followed by fiscal stimulus from the federal government aimed at helping Canadians weather the ongoing trade war with the U.S.
Many Canadian businesses saw the pandemic deepen their relationship with existing customers and court new ones who have stuck around even as the health crisis has dissipated.
U.S. President Donald Trump continues to single out Canada as a bad trading partner, claiming in a recent social media post that his northern neighbour is a 'tariff abuser' that charges high rates on American goods.
A fresh wave of tariffs on steel and aluminum are set to kick in Wednesday after a back-and-forth day that saw U.S. President Donald Trump threaten to hike his initially planned levy on those materials before eventually reverting to his previous plan.
