Any Canadian response to U.S. tariffs will be regionally fair and equitable and not single out Alberta, Canada's main oil-producing province, Canada's Energy and Natural Resources Minister Jonathan Wilkinson said on Wednesday.
U.S. President Donald Trump still plans to make good on his promise to issue tariffs on Canada and Mexico on Saturday, White House spokeswoman Karoline Leavitt said on Tuesday. Leavitt told reporters in her first White House press briefing that Trump also is still "very much" considering fresh tariffs on China for Saturday.
Prime Minister Justin Trudeau should have acted quicker to protect Canadian elections from outside meddling, a government commission said, shaking trust in democratic institutions.
The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within days then face broader penalties this spring.
Ontario premier Doug Ford has triggered an early election in the province, saying he needs a strong mandate to take on the tariff threat.
The Bank of Canada delivered a quarter-percentage-point cut to its key interest rate on Wednesday, emphasizing Trump’s tariff threat in the decision. “The threat of tariffs is there, and there’s no doubt that weighed on our decision,” Bank of Canada Governor Tiff Macklem said in a press conference.
Mark Carney, the former central banker who’s running to lead Canada, said the government should be open to curbing electricity exports to the US if it needs to retaliate against tariffs from the Trump administration.
President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday remarks to the World Economic Forum in Davos. He also delivered a smattering of other misstatements and exaggerations about trade,
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage.
A Canadian auto parts maker will earmark nearly C$1 billion ($695 million) in a series of electric vehicle technology programs at plants in Ontario as the country’s automotive sector faces the threat of US tariffs.