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Mark Carney, who navigated crises when he was the head of the Bank of Canada from 2008, and then in 2013 when he became the first noncitizen to run the Bank of England — helping to manage the worst impacts of Brexit in the U.K. — will now try to steer Canada through the trade war brought by Trump. Mark Carney's path to the top job in Canadian politics has been unusual but, as he said when he launched his campaign to succeed Prime Minister Justin Trudeau, so are the circumstances. Former central banker Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by U.S. President Donald Trump, a threat of annexation and an expected federal election. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader. Carney is widely expected to trigger a general election in the coming days or weeks. Carney has called the threats posed by US President Donald Trump «the most serious crisis of our lifetime.»

Diplomats from three countries said they believed they were 99 per cent of the way toward completing a joint statement that would reflect the group's positions. «There is a great deal of unity within the G7,» Canadian Foreign Minister Melanie Joly said Friday. «We talked about many different things.… We support the US proposal for a ceasefire, which is supported by the Ukrainians, and we are waiting for the Russian response.» British Foreign Secretary David Lammy said the group arrived at common positions on Ukraine, the Middle East, wars in Africa and Chinese activity in the South China Sea.

The ruling Liberal Party overwhelmingly backed Carney to replace Justin Trudeau, betting his experience leading two central banks through historic crises will re-assure Canadians facing a potentially devastating trade war. Carney, who turns 60 on Sunday, is a political novice who has never won an elected public office but his campaign skills will be tested soon with Canada likely headed for a general election in weeks. The threats posed by Trump are expected to dominate the vote. The US president has sought to bludgeon Canada, imposing sweeping import tariffs and threatening further levies while claiming the country is not «viable» on its own and should be annexed by Washington.

Meeting at a rustic hotel in rural Quebec, G7 foreign ministers also backed Ukraine's fight for its «territorial integrity» and spoke of Russia's «aggression,» terminology earlier eschewed by Trump as he reached out to Moscow. The consensus on Ukraine came despite mounting tension within the G7 — Britain, Canada, France, Germany, Italy, Japan and the United States as Trump slaps punishing tariffs on allies and questions the very sovereignty of host Canada. A G7 statement backed a US-led call for a 30-day truce embraced by Ukraine and «called for Russia to reciprocate by agreeing to a ceasefire on equal terms and implementing it fully.» «They discussed imposing further costs on Russia in case such a ceasefire is not agreed, including through further sanctions, caps on oil prices, as well as additional support for Ukraine, and other means,» such as using frozen Russian assets.

Subscribe to enjoy similar stories. Alcohol has landed on the front lines of a global trade war, throwing French wines, Irish whiskeys, Kentucky bourbon, Japanese beer and Mexican tequila into the crossfire between the U.S. and its biggest trading partners.

In a letter sent on Tuesday (11 March) to US trade representative Jamieson Greer, Tesla said it «appreciates» the chance to consult on trade arrangements but warned that «exporters are inherently exposed to disproportionate impacts when other countries respond to US trade actions».  The letter, which was sent unsigned, added that some of the US' past trade actions have led to «immediate reactions by the targeted countries», including increased levies on electric vehicles (EVs) imported into those countries.  US equities tentatively recover as EU and Canada threaten to hit back at Trum...

G7 nations were set to negotiate late into the night over a joint statement to show a united front in Canada on Thursday after weeks of tension between U.S. allies and President Donald Trump over his upending of Western trade and security policy. The Group of Seven ministers from Britain, Canada, France, Germany, Italy, Japan and the United States, along with the European Union, convened in the remote tourist town of La Malbaie, nestled in the Quebec hills, for meetings on Thursday and Friday that in the past have been broadly consensual. U.S. Secretary of State Marco Rubio briefed his colleagues on talks on Tuesday with Ukraine in Jeddah, Saudi Arabia, where Kyiv said it was ready to support a 30-day ceasefire deal. But officials said ambiguous comments by Russian President Vladimir Putin left delegates unclear where things stood. In the run-up to the first G7 meeting of Canada's presidency, the crafting of an agreed all-encompassing final statement had been tough, but diplomats said the atmosphere since had been positive and candid.

U.S. President Donald Trump threw a curve ball at China by linking the fentanyl issue to his tariffs on imports

While the consumption of «green beer» and several popular Irish beverages is one of the most common traditions associated with the festival, there's no harm in throwing a bucket of fried chicken and some great sporting fixtures in the mix.

(Bloomberg) — Canada’s second-biggest supermarket company said a boycott of US goods is quickly taking hold in reaction to President Donald Trump’s tariffs and his threats of “economic force” to make the country the 51st US state.

The Bank of Canada cut interest rates by 25 basis points to 2.75 per cent — the seventh consecutive reduction — as it finds itself grappling with uncertainty created by United States President Donald Trump’s tariff onslaught.

The chief executive of the Canadian Imperial Bank of Commerce is retiring in October after spending more than a decade in the top post.

Donald Trump has “big” plans for the U.S. economy — a smaller public sector, overhauling global trade so that it benefits Americans and new tax policies that aim to spur growth.

U.S. investors shrugged off worries about an intensifying trade war and bought US$3.5 billion worth of bonds from the Canadian government at typical valuations on Tuesday.

retaliatory tariffs until Washington shows respect.

Members of Canada’s dairy industry say they’re less worried about the threat of steep United States tariffs than about a looming battle over supply management.

Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.

Eight of the top ten IT stocks have entered bear market territory, including Infosys, HCLTech, and Tech Mahindra. LTIMindtree experienced the most significant drop from peak levels, falling 33%, while Wipro, though performing relatively better, still saw a 16% decline.

Keki Mistry, Former VC & CEO, HDFC & Independent Director in Several Companies, says he would be surprised if India’s growth is not 7% or very close to 7% by the second half of the year. If monsoons are good, food prices continue to remain low, and there is low geopolitical uncertainty, then we can cross 7% in the latter part of the year. Mistry also says that the risk to India from tariff threat is far lesser than the risk to countries like China, Canada or any of these European countries. India is hugely dependent on the domestic economy though exports make for 22-23% of GDP and the US accounts for 16-17% of total exports. So, the proportion of the impact it will have on India will be lesser than in most other countries. FMCG, retail, also the IT sector will do well because of rupee depreciation.

Subscribe to enjoy similar stories. WASHINGTON—How business leaders talk about the Trump administration in private has been markedly different than what they are game to say in public. The dissonance was on full display here this week.

Donald Trump has warned his Russian counterpart of «doing things» if the nation refuses for a ceasefire deal with Ukraine. He suggested that financial measures could be used to pressure Moscow but emphasised his priority was achieving peace. While responding to the question about pressuring Russia, Trump said, «I can do things financially, that would be very bad for Russia. I don't want to do that because I want to get peace.» He has said that a ceasefire in Ukraine would benefit Russia but warned of potential downsides, without providing further details. According to Reuters, Trump confirmed that US officials were set to visit Russia to discuss a proposed 30-day halt in hostilities and the possibility of peace talks. After extensive discussions in Saudi Arabia, Ukraine agreed to a ceasefire, leaving the next move to Russia. «Hopefully we can get a ceasefire from Russia,» Trump told reporters in the Oval Office, adding that he had received positive signals but remained cautious about the situation. The Kremlin, meanwhile, stated that it was awaiting details from Washington before responding to the proposal.