Canada News News Canada » Economy: Canada PM Carney vows to backstop economy as US trade row escalates
Mark Carney said retaliatory tariffs on about $20 billion in U.S. goods that kicked in on Tuesday were necessary to protect domestic sectors and workers.
News Canada » Economy: Canada’s retaliatory tariffs take effect after U.S. trade talks stall
The Trump administration recently slapped tariffs on Canadian wine, furniture, dairy products, cement, clothing, fishing rods and hockey equipment.
News Canada » Economy: Canada’s 50% retaliatory tariffs take full effect in unwanted trade war with Trump administration as Trump threatens Bombardier
Canada’s escalating trade confrontation with the Trump administration has entered a new phase. On Tuesday, Ottawa’s retaliatory tariffs took full effect, targeting roughly C$27.6 billion in American ...
News Canada » Economy: The Problem with Canada’s Economy
While the conflict may be widely perceived as a David vs. Goliath match, Canada has only itself to blame for its weakness and vulnerability in trade. The reason? Canada has failed for decades to take ...
News Canada » Economy: Canada's Prime Minister Mark Carney Calls Cabinet Meeting as US Trade War Escalates
Canada's government will bring cabinet ministers and secretaries of state together Thursday and Friday in a meeting to strengthen the economy and expand global partnerships as the country navigates an ...
News Canada » Economy: Canada’s Economy Grows 3.3% in Second Quarter
Gross domestic product increased at an annualized rate of 3.3% in the April-to-June period to 2.524 trillion Canadian dollars, the equivalent of US$1.822 trillion, Statistics Canada said. That marks ...
News Canada » Economy: Canada Economy Grows 3.3% in Second Quarter, Fastest Since '23
Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by US tariffs and a slowdown in ...
News Canada » Economy: Canada’s economy on track for tepid growth, weakened by trade war
The Canadian economy appears to be on track to eke out growth between July and September, likely bouncing back from a second-quarter contraction but remaining weakened by US tariffs. Industry-based ...
News Canada » Economy: Canada's Economy Is In A Rough Patch
Canada’s private-sector activity remained soft in January, with the S&P Global Canada Composite PMI coming in at 46.4, slightly below December’s 46.7. Manufacturing stabilized in January, while ...
News Canada » Economy: Canada’s Economy Caught Between Oil Windfalls and Trade Wars
The Bank of Canada says Middle East geopolitical tensions and U.S. trade risks are now the biggest threats to Canada’s economy, replacing tariffs as the top concern. High oil prices are boosting ...
News Canada » Economy: Canada’s economy rebounds sharply on military, housing
The Canadian economy rebounded sharply from the initial damage of the trade war as the country’s growth drivers shifted to housing and government spending. Canada’s gross domestic product rose at a ...
News Canada » Economy: Canada’s Economy Grows 3.3% as Exports, Investment Rebound
Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by US tariffs and a slowdown in ...