The Latest Breaking News from Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

The leaders of Mexico and Canada said they will advise Trump to engage in cooperation and dialogue instead of igniting a trade war

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States,” the president-elect posted.

US trade tensions with China shift to Mexico and Canada, potentially raising consumer prices on gas, produce, and cars.

Sweeping tariffs could hit the U.S.’s largest trading partners outside of North America

US president-elect posted on social media about plan to impose 25% tariff on Mexico and Canada over immigration

The US President-elect singled out Mexico and Canada in particular for tariffs in a social media post.

Earlier this year, the Canadian government released a new housing plan aimed at building more homes and addressing housing unaffordability. As part of that plan, Prime Minister Justin Trudeau announced that $600 million in funding will be provided to build homes cheaper and quicker using “innovative technologies.”

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

Major automakers' shares decline as Trump proposes 25% tariffs on Mexico and Canada, affecting North American auto industry.

Trump border czar calls northern border ‘extreme national security vulnerability’ and says it ‘can’t be a gateway to terrorists coming to the United States’