Daily News

Source: Financialpost February 04, 2025

Eric Nuttall: Now is the time to unleash Canada's enormous resource potential

New pipelines are our “trump card,” and, if given the necessary urgency, they could be built in a matter of years, not decadesThere are countries who have successfully leveraged their resource wealth to enrich their citizens, and then there is Canada. We a...

Source: Financialpost February 04, 2025

Trump targets loophole Temu, Shein used to take on Amazon

Tariffs include a broadside against international e-commercePresident Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against international e-commerce, with apparent plans to extinguish a long-held tariff exemption for pa...

Source: Financialpost February 04, 2025

Canada secures 30-day pause on tariffs threatened by Trump

News comes after Canada promised to appoint a 'fentanyl czar' and ensure 24/7 supervision of the borderPrime Minister Justin Trudeau says Canada had secured a thirty-day pause on tariffs threatened by U.S. President Donald Trump after promising to deploy mor...

Source: Financialpost February 04, 2025

Terence Corcoran: The tariff speech Trudeau didn’t deliver

What the prime minister should have said about Donald Trump's protectionist trade policiesThe following is excerpted from the speech Prime Minister Justin Trudeau should have delivered last Saturday as Canada’s response to U.S. President Donald Trump’s tarif...

Source: Financialpost February 04, 2025

Bets rise for an emergency rate cut by Bank of Canada

Traders of Canadian short-term interest rates have begun to price in meaningful oddsTraders of Canadian short-term interest rates have begun to price in meaningful odds of an emergency cut by the Bank of Canada to blunt the economic impact of tariffs the U.S...

Source: Financialpost February 04, 2025

Trump takes aim at Canada's banking sector as tariffs loom

'Canada doesn’t even allow U.S. banks to open or do business there. What’s that all about?' U.S. president says Get the latest from Naimul Karim straight to your inbox Sign Up United States President Donald Trump is pushing for American banks to have...

Autos Source: Financialpost February 04, 2025

Car prices face US$3,000 increase as tariffs hit auto sector

Tariffs will add US$60 billion in costs to the industryUnited States President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a...

Finance Source: Financialpost February 04, 2025

A trade war can have 'no winners': RBC chief calls on Canadians to unite

Canada needs to remove internal trade barriers and approve energy projects, says Dave McKay Get the latest from Naimul Karim straight to your inbox Sign Up A prolonged trade war with the United States can “severely impact” jobs and businesses on both...

Source: Financialpost February 03, 2025

Car Prices Face $3,000 Increase as Tariffs Hit Auto Sector

President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted.(Bloomberg) — Supply Li...

Source: Financialpost February 03, 2025

Tariff War Likely to Plunge Canada Into Recession

The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.”(Bloomberg) — The Canadian economy is set...