Author: Troy Patterson

Uncertainty still hangs over the Canadian economy despite U.S. President Donald Trump announcing a 30-day pause in tariffs that were to take effect today. The temporary reprieve halts — at least for now — a continental trade war that economists on both sides of the border warned would raise prices.Trump’s decision meant Canada and the provinces also halted their moves to retaliate including with tariffs and bans on U.S. alcohol sales north of the border.Trump on Saturday signed an order to impose 25 per cent across-the-board tariffs on Mexican and Canadian imports, with a lower 10 per cent tariff on…

Long simmering trade issues between Canada and the United States have now blown up into a full-blown tariff war.  Starting Tuesday, President Donald Trump’s tariff threats will kick in, hitting Canadian goods sent south of the border with a 25 per cent tariff. Canadian energy was spared slightly, with tariffs of 10 per cent. A few hours after Trump’s order was official, Prime Minister Justin Trudeau hit back, slapping 25 per cent tariffs on $155 billion worth of American goods shipped to Canada — on items ranging from orange juice to household appliances.Finance Minister Dominic LeBlanc was at Trudeau’s side…

Descrease article font size Increase article font size Canada is hitting back against U.S. tariffs with a lengthy list of counter-tariffs of its own. Prime Minister Justin Trudeau announced the measures — $155 billion worth — Saturday, in response to U.S. President Donald Trump’s executive order imposing tariffs on Canadian (and Mexican) goods.The government released a list Sunday of the first $30 billion in affected goods, marking the first phase of Canada’s response. 3:50 ‘This is a lose-lose trade war’: Experts, U.S. senators weigh in on Trump tariffs Among the U.S. goods affected by the Canadian government’s tariffs (a full…

U.S. President Donald Trump’s unprecedented move to pull America’s closest neighbours into a trade war has left some Republican lawmakers precariously navigating how to support the leader’s tariff agenda while their local economies brace for impact. Many Republicans — caught between risking the president’s ire and facing backlash from constituents concerned about rising costs — remained quiet about the damaging duties, set to be deployed Tuesday. Other came out loudly in support.“Canada needs to come to the table,” Kristi Noem, the former governor of South Dakota and the new head of the Department of Homeland Security, told NBC News on Sunday. 2:02 Americans…

Prime Minister Justin Trudeau and U.S. President Donald Trump said Monday that U.S. tariffs on Canada will be “paused” for up to 30 days after Trudeau agreed to border security measures in an afternoon call. The call, the second held between the two leaders Monday, came just hours before 25 per cent tariffs on Canadian goods were set to take effect Tuesday, along with 10 per cent tariffs on energy exports to the U.S.In a social media statement, Trudeau said Canada is implementing the $1.3-billion border security plan first unveiled in December, which includes “reinforcing the border with new choppers,…

By Staff The Canadian Press Posted February 3, 2025 7:48 am Updated February 3, 2025 5:26 pm 1 min read Descrease article font size Increase article font size UPDATE AS OF FEB. 3, 2025 AT 4:59 P.M. EASTERN: Prime Minister Justin Trudeau says the U.S. tariffs on Canada will be “paused” for 30 days. Read more about the announcement here. Canadian businesses preparing for Tuesday’s imposition of tariffs are leaning into the “buy Canadian” sentiment.Grocery chain Loblaw Companies Ltd. has committed to securing more food grown and made in Canada, after U.S. President Donald Trump announced sweeping tariffs to be enacted…

Ontario Progressive Conservative Party Leader Doug Ford has put his short-lived promise to cancel a $100 million contract with Elon Musk’s Starlink on ice after U.S. President Donald Trump suspended his tariff threat. In a Monday morning statement, Ford had said the Ontario government would be “ripping up” a contract signed to provide high-speed internet to northern and rural communities.The move was part of the PC leader’s pitch for immediate measures against U.S. tariffs, which were due to land on Tuesday. He also outlined how he would handle the threat of Trump and tariffs if he is re-elected.Late on Monday,…

UPDATE AS OF FEB. 3, 2025 AT 4:59 P.M. EASTERN: Prime Minister Justin Trudeau says the U.S. tariffs on Canada will be “paused” for 30 days. Read more about the announcement here. Mexican President Claudia Sheinbaum revealed that she had “a good conversation” on Monday morning with U.S. President Donald Trump, “with great respect for our relationship and sovereignty.”In a post on X, Sheinbaum said the two reached “a series of agreements” during their conversation, two days after the Mexican president ordered retaliatory tariffs in response to the U.S. decision to slap 25 per cent levies on all goods coming…

UPDATE AS OF FEB. 3, 2025 AT 4:59 P.M. EASTERN: Prime Minister Justin Trudeau says the U.S. tariffs on Canada will be “paused” for 30 days. Read more about the announcement here. U.S. President Donald Trump’s tariffs on Canada, and Canada’s retaliatory measures, could be the most “significant trade shock” that Canada has suffered in nearly 100 years, economists say.So does that mean a recession is inevitable?A Royal Bank of Canada report on Sunday compared the trade shocks from Trump’s tariffs to the ones caused by the Smoot-Hawley tariffs of the 1930s.The Tariff Act of 1930, which created what’s known…

U.S. President Donald Trump’s on-again, off-again threat to impose damaging tariffs on Canada are off again — at least, for the next 30 days. Following a phone conversation Monday afternoon, Prime Minister Justin Trudeau announced that Trump is pausing the threatened 25 per cent tariffs on most Canadian goods that was set to take effect Tuesday.Trudeau said he and Trump discussed Canada’s $1.3 billion border plan, which includes helicopter patrols, and announced $200 million in new initiatives to address fentanyl trafficking.Alberta Premier Danielle Smith said she was “greatly heartened” to see the two sides find common ground.“The appointment of a…