The letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.

Canadian Prime Minister Mark Carney responded on Friday to President Donald Trump's threats to impose a 35% tariff on Canada starting Aug. 1, an increase from the initial 25% tariff rate he had set earlier this year.

Canada’s PM Carney rejects Trump’s fentanyl claims amid 35% tariff threat. US-Canada trade talks extended to August 1 as global tariffs escalate.

The Canadian government told employees they may face job losses, as Prime Minister Mark Carney searches for spending cuts to keep the budget deficit in check.

A day after President Trump announced a new 35 percent tariff on Canadian goods beginning next month, Prime Minister Mark Carney said Canada had made “vital progress” towards stopping fentanyl.

Mark Carney, the current prime minister and recently elected leader of Canada’s Liberal Party, has vowed to protect Canadian Jews amid rising antisemitism, but his stance on Israel has drawn ...

Canada's new Prime Minister Mark Carney entered politics as trade relations with the U.S. hit a low point. The former central banker's economic chops may propel him to victory in the next election.

Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.