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The Latest Breaking News from Canada

Dollar Slides and Gold Posts a Record High on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.71%. The dollar is under pressure today as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. Stabilization of stock...

Barchart

Giller prize drops sponsor after protests over Israel arms link

Canada’s most lucrative literary award has cut ties with its 20-year partner Scotiabank after author boycotts, disrupted events and an open letter

The Guardian - UK

How Donald Trump’s attacks on Canada are stoking a new Canadian nationalism

Is the threatened trade war between Canada and the United States igniting a new form of Canadian nationalism? Polls suggest Canadians are overwhelmingly opposed to any notion of becoming the 51st American state as the U.S. anthem is being roundly booed at sporting events in Canada.

The Conversation

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Town Uses Eminent Domain To Stop Private Affordable Housing Project

Johnston, Rhode Island, Mayor Joseph Polisena promised to "use all the power of government" to stop the privately financed 252-unit project.

Reason

Trump's Claim That US Banks Can't Operate In Canada Called False

The Canadian Bankers Association says 16 U.S.-based bank subsidiaries operate in the country.

International Business Times

How ‘system thinking’ explains how Canada will be affected by Donald Trump’s tariff threats

United States President Donald Trump has threatened to slap tariffs on Canadian and Mexican products in a month’s time. This will lead to retaliatory tariffs by Canada against the U.S.

The Conversation

What tariffs are China imposing on the US – and why are they significant?

China is quick to act when US tariffs on its imports go into effect, but experts say it’s leaving room for negotiation.

Al Jazeera

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Ford EV Buyers In Canada Can Get A Free Home Charger And Installation

Ford is offering a free home charger and covering standard installation costs for Canadian buyers who want to get behind the wheel of a new Mustang Mach-E, F-150 Lightning or E-Transit. The offer is part of the Ford Power Promise program which debuted last year in the United States and…

InsideEVs

Donald Trump’s trade tariffs on Canada, Mexico and China explained visually

Mexico, Canada and China account for more than 40 percent of total goods traded with the United States.

Al Jazeera

The moon will cover the Seven Sisters of the Pleiades this week. Here's how to see it

On the night of Feb. 5, a waxing gibbous moon will once again cover up the "Seven Sisters" of the famous Pleiades star cluster.

Space

Could Harley-Davidson or Other Motorcycle Manufacturers Move To India?

[UPDATE February 4, 2025: Late on the evening of February 3, the Trump administration announced a 30-day pause on tariffs against both Canada and Mexico.

RideApart

The impact of Donald Trump’s anti-climate measures on our heating planet

Before assessing the impact of United States President Donald Trump’s climate and energy policies, some context about the current state of the planet is in order. United Nations Secretary General Antonio Guterres recently called the world’s fossil fuel addiction “a Frankenstein’s monster sparing nothing and no one.”

The Conversation

Trump’s trade war is forcing Canada to revive a decades-old plan to reduce U.S. dependence

After threatening Canada and Mexico with illegal tariffs, and Canada with annexation, United States President Donald Trump has agreed to hold off on imposing tariffs on Canada for at least 30 days. This decision came after Prime Minister Justin Trudeau spoke with Trump and committed to strengthening border security.

The Conversation

How this manufacturing company's CFO plans to handle the tariff threat

As U.S. small businesses brace for higher costs, the CFO of Trim-Tex is mitigating risk.

Fortune

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Latin Times

Asian Stocks And Peso Rise On Trump's Mexico, Canada Tariff Delay

Markets from Japan to New York were sent tumbling Monday after news at the weekend that Trump had signed off 25% duties against Mexico and Canada, fanning concerns for the stuttering global economy.

Fortune

Trump crying wolf over tariffs has already convinced Wall Street that threats will be short-lived

An eleventh-hour deal achieved President Trump’s political aims, but Wall Street remains concerned that tariffs will become a permanent threat in negotiations.

The Independent UK

Jon Stewart lambasts Trump’s trade war with Canada: ‘We used to fight Nazis’

‘We’re picking a fight with our most reliable and pleasant friend? The labradoodle of allies?’ joked Stewart

Evening Standard

Drinks giant Diageo says trade war could wipe $200 million off profits

The drinks giant is scrapping its 5% to 7% “medium term” sales target

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Al Jazeera

Before Trump: The long US history of tariff wars with Canada and the world

From a chicken war to a banana brawl, here’s a history of tariff wars the US has fought in.

The Independent UK

Jimmy Fallon jokes Donald Trump used fortune-telling to impose tariffs

Jimmy Fallon mocked Donald Trump's threats to impose tariffs on Canada and Mexico which prompted fears of an international trade war.

The Guardian - UK

Johnnie Walker owner Diageo says Trump tariffs could hit profits by $200m

UK drinks company considering possible price rises as shares fall despite strong Guinness sales

The Guardian - UK

Eurozone facing ‘sizeable’ hit from trade tensions, as US-China tariff war 2.0 kicks off – as it happened

Rolling coverage of the latest economic and financial news, as Trump delays tariffs on Canada and Mexico, and China hits back with its own sanctions

The Guardian - UK

Tuesday briefing: China retaliates after last-minute reprieves on tariffs for Mexico and Canada

In today’s newsletter: The contours of a new economic fight are now visible – and the tit-for-tat could expand considerably

Evening Standard

China slaps tariffs on US goods as Donald Trump's 10% duty on Chinese imports comes into effect

Tit-for-tat tariffs between world’s two biggest economies come after US agrees deals to avert hefty levies on Canada and Mexico

The Guardian - UK

China unveils US tariffs and Google investigation in response to Trump levies

Tariffs on coal, LNG, crude oil and other goods announced after US imposes levy on imports

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