The Latest Breaking News from Canada

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

President-elect Trump has proposed sweeping tariffs across goods coming in from Mexico, Canada, and China. And they range between 25% and 100%, with the former aimed squarely at Mexico and Canada. Obviously, this is cause for alarm. As I've explained in other posts, tariffs only hurt the consumer, not the company,…

Since Donald Trump won the recent United States presidential election, Canadian policymakers are trying to anticipate a variety of plausible scenarios to deal with an unpredictable leader and his intentions on everything from trade to mass deportations, border security, currency, NATO, climate action and energy.

Canadian policymakers were just beginning to recover from the shock of Donald Trump’s recent threats to impose 25 per cent tariffs on Canada and Mexico when the president-elect detonated another rhetorical explosive. In an overnight social media post, Trump referred to the “great state of Canada” and “Governor Justin Trudeau.”

The Canadian prime minister said he will retaliate if Donald Trump follows through on his tariff threat

The government of Canada has announced its plans for a temporary tax break by exempting GST/HST on certain items during the holiday season from Dec. 14, 2024 to Feb. 15, 2025. The legislation to enact the tax break has cleared the House of Commons and is now awaiting Senate approval.

President-elect Trump and Canadian Prime Minister Trudeau discuss tariffs, trade, and immigration issues in a productive meeting at Mar-a-Lago.

Donald Trump poked fun at Justin Trudeau, jokingly stating that Canada was a U.S. state and even going as far as to refer to Trudeau as its governor.

The president-election and Canadian Prime Minister have vastly different views on potential US tariffs