Pre-tariff rush pushes Canadian crude to strongest in four years
Canadian heavy crude is trading at the smallest discount to benchmark U.S. oil in almost four years after a rush of sales to beat tariffs drained the country’s inventories.
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Politics
Trump tariff U-turns have FX traders cutting bets on big swings
Traders who’d bet on sharp swings in the US$7.5 trillion-a-day foreign-exchange market surrounding Donald Trump’s last two tariff deadlines are taking a new approach as the U.S. president vows an April 2 trade reckoning.
Walmart bets US$6 billion on Mexico even as economy slows
Wal-Mart de Mexico SAB, the local unit of the US retail giant, plans to invest $6 billion this year in its Mexico operations to add more locations.
U.S. Fed backstop fears could threaten U.S. dollar, Deutsche Bank says
The withdrawal of a time-tested liquidity backstop offered by the U.S. Federal Reserve would represent the greatest risk to the dollar’s status as a reserve currency since the end of World War II, according to Deutsche Bank.
Trump tariffs on Canada lumber risk pinching U.S. toilet paper supply
U.S. President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
Why Trump is obsessed with taking over Greenland
U.S. President Donald Trump is dead set on taking control of Greenland, the world’s biggest island and a self-ruling territory of Denmark, despite opposition from Greenlanders and Danes.
Porsche, Mercedes face $3.7 Billion hit From Trump tariffs
Porsche AG and Mercedes-Benz Group AG will be hit hardest by President Donald Trump’s latest trade salvo, facing a potential €3.4 billion ($3.7 billion) blow from new U.S. tariffs on imported cars.
What Canada’s 300% tariff on dairy imports actually means
In the growing dispute between the U.S. and Canada over trade, U.S. President Donald Trump has singled out for particular complaint steep levies Canada has on the books for imported dairy products, calling them “anti-American farmer.”
Trump floats more EU, Canada tariffs if they work against U.S.
U.S. President Donald Trump suggested further tariffs would be imposed on the European Union and Canada if they worked together “to do economic harm” to the U.S.
Carney faces new test as he plots response to U.S. auto tariffs
Mark Carney said new U.S. tariffs on cars and light trucks are a “direct attack” on workers in Canada’s auto sector, as he faces what will be his first major trade war decision since becoming prime minister.
U.K. in ‘intensive’ tariff talks with U.S. government, Reeves says
The U.K. is holding urgent talks with the US government in a bid to avoid being hit by extra tariffs planned by President Donald Trump, Chancellor of the Exchequer Rachel Reeves said.
Republicans grow weary of Trump team’s Signal chat denials
Some of Donald Trump’s most ardent backers are voicing frustration with his team’s refusal to admit fault over the Signal intelligence breach, a rare crack in the president’s wall of support.
Carney calls U.S. auto tariffs a ‘direct attack’ on workers
Liberal Leader Mark Carney has called U.S. President Donald Trump’s auto tariffs a 'direct attack' on workers.
Trump to hit auto imports with 25% tariff in trade fight
President Donald Trump will announce tariffs on the auto industry on Wednesday, according to the White House, a move that would escalate his fight with global trading partners ahead of a broader tariff push next week.
Alberta Premier Smith rejects criticism U.S. meetings amount to treason
Alberta Premier Danielle Smith is channelling Winston Churchill to categorically reject accusations she is turning her back on Canada by meeting and talking to U.S. officials and influencers who wish her country harm.
BetMGM Canada fined $110,000 for allegedly offering cash to attract new customers: AGCO
Ontario’s gaming watchdog has slapped BetMGM Canada with a $110,000 fine after the company allegedly offered cash to new customers who set up an account on the platform.