Canada Financial News
10.03 / 19:39
COST
Manufacturing
economy
Trade
President
War
strain
Tariffs are 'lose-lose' for U.S. jobs and industry, economist says: 'There are no winners here'
President Donald Trump has spoken of tariffs as a job-creating behemoth.
10.03 / 14:31
markets
Platform
Strategy
Align
Trade
President
Bitcoin
Who is Howard Lutnick, the US Commerce Secretary?
Howard Lutnick has been appointed as new US Commerce Secretary by US President Donald Trump. Lutnick, a strong advocate of tariffs, will play a central role in President Donald Trump’s trade strategy, working closely with the US Trade Representative’s office. His appointment aligns with the administration’s ongoing tariff policies targeting China, Canada, and Mexico. While some duties have been temporarily paused for negotiations, steel and aluminum tariffs are set to take effect on March 12.
10.03 / 13:35
markets
economy
Trade
President
War
rights
International
This is no way to run a trade war
Subscribe to enjoy similar stories. Thousands of U.S. companies opened for business on Friday with no idea whether they had to pay tariffs.
10.03 / 12:55
Waters
Racing
Trade
President
War
country
Ex-BoE governor Mark Carney wins race to become Canada's prime minister
In his victory speech, he said: «When we come together, we build things that last, because we are Canada strong.» Stocks plunge as Donald Trump slaps tariffs on US trading partners Carney also took on Donald Trump and his trade war in his speech, arguing the US president «thinks he can weaken us with his plan to divide and conquer». «The Americans want our resources, our water, our land, our country. If they succeeded, they would destroy our way of life […] and Canada never, ever will be part of America in any way, shape or form.» The incoming prime minister continued: «The Cana...
10.03 / 09:29
markets
Fighting
Trade
stage
country
‘Canada faces an existential threat’: A tearful Justin Trudeau bids farewell with a final swipe at Trump
Liberal Party conference, Trudeau reflected on his tenure while also taking a parting shot at US President Donald Trump. His resignation, prompted by a wave of cabinet departures in late 2024, led to the swift election of Mark Carney as his successor. “I’m damn proud of what we’ve done over these past 10 years. But tonight is about our future as a party, as a country,” Trudeau told the audience. His daughter, Ella-Grace, introduced him on stage, sharing how proud she was of her father while joking that she looked forward to seeing him less on social media. Trudeau, visibly emotional, wiped away tears before addressing the gathered supporters.
10.03 / 09:23
UPS
Provident
CEO
security
Tesla
Trade
Department
What Tesla stockholders need to know about Nato
Subscribe to enjoy similar stories. Tesla CEO Elon Musk suggested the U.S. exit the North Atlantic Treaty Organization, or NATO.
10.03 / 07:51
markets
UPS
Manufacturing
Corning
Uncharted
Trade
country
Ajit Ranade: India must formulate a strategy to boost agricultural exports
Subscribe to enjoy similar stories. US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushing exporting countries to either reduce their respective import duties drastically or be shut out of the US market.
10.03 / 07:25
markets
UPS
Waves
security
President
Diversity
Greenland in the spotlight: Why Trump wants to gain control of the 4,000-year-old civilisation
Donald Trump seeks to secure control over the mineral-rich Arctic territory. While most people associate Greenland with its icy terrain at the top of the world, the island’s history stretches back over 4,000 years, shaped by various human cultures and pivotal geopolitical events. A self-governing region of Denmark, Greenland has been home to diverse groups, from early Inuit migrants and Norse settlers to Lutheran missionaries and U.S. military personnel. Today, it remains a significant location due to its natural resources, and with a warming climate and increasing competition for Arctic resources, Greenland’s economic future looks poised for growth.
10.03 / 03:19
markets
UPS
economy
Trade
President
War
China-US trade war heats up as Beijing's tariffs take effect
US agricultural goods in retaliation for President Donald Trump's latest hike on Chinese imports came into force Monday, as trade tensions mount between the world's two leading economies. Since retaking office in January, Trump has unleashed a barrage of tariffs on major US trading partners, including China, Canada and Mexico, citing their failure to stop illegal immigration and flows of deadly fentanyl. After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
10.03 / 03:19
markets
Digital
wellness
Experts
RAI
aquatics
Chinese rapeseed meal futures rise after tariffs on some Canadian imports
The tariffs, effective from March 20, include a 100% levy on more than $1 billion worth of Canadian rapeseed oil, oil cakes and peas, as well as a 25% duty on $1.6 billion worth of Canadian aquatic products and pork. The levies, which mirror the 100% and 25% tariffs Canada imposed on Chinese-made electric vehicles and steel last year, triggered a rally on the Zhengzhou commodity exchange.
10.03 / 02:07
10.03 / 00:49
markets
President
War
country
President Trump’s decisions will set the global order
Subscribe to enjoy similar stories. When you make a pact with the devil, he always comes back to get his due. I wish Volodymyr Zelensky had remembered this before getting into a confrontation with Russia.
09.03 / 20:27
markets
COST
Fox
Manufacturing
President
Interviews
Will US face recession in 2025? See what US President Donald Trump said over economic concerns
Trump did not confirm whether the U.S. could face a recession in 2025. In an interview with Fox News, he discussed tariffs, stock market fluctuations and economic concerns. He delayed some tariffs but indicated possible increases. Commerce Secretary Howard Lutnick rejected the possibility of a recession.
09.03 / 20:27
markets
UPS
Trade
War
country
Interviews
Standing by tariffs, Donald Trump brushes off market swings
Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader «reciprocal» tariffs will go into effect April 2, raising them to match what other countries assess. «April 2nd, it becomes all reciprocal,» he said in a taped interview with Fox News Channel's 'Sunday Morning Futures'. «What they charge us, we charge them.»
09.03 / 16:11
markets
Target
economy
pandemic
country
reports
Interviews
Recession in US this year itself? Trump declines to rule out the possibility
Trump won't rule out the likelihood that the US might enter recession under his watch, as early as this year itself, reports by AFP and other agencies said. In an interview that aired on March 9, Trump said he won't dismiss the possibility of the United States witnessing a recession this year. When asked directly about a potential downturn into 2025, he responded, «I hate to predict things like that,» during a conversation with a Fox News host. He emphasised the significant changes underway, stating, «There is a period of transition, because what we're doing is very big — we're bringing wealth back to America,» and noted that «It takes a little time.» In contrast, Trump's commerce secretary, Howard Lutnick, provided a more definitive stance, stating unequivocally on NBC's «Meet the Press,» «Absolutely not,» when queried if Americans should prepare for an economic downturn.
09.03 / 15:37
markets
Election
Trade
War
country
Canada's Liberals will elect new leader to replace Trudeau as country deals with Trump's trade war
Liberal Party members look set to pick former central bank governor Mark Carney as the new party leader and Canada's next prime minister in a vote to be announced on Sunday evening. Carney, 59, navigated crises when he was the head of the Bank of Canada and when in 2013 he became the first noncitizen to run the Bank of England since it was founded in 1694. His appointment won bipartisan praise in the U.K. after Canada recovered from the 2008 financial crisis faster than many other countries.
09.03 / 15:37
markets
Extreme
Photography
film
stars
Features
International
Can I Get a Witness?: Here’s release date, storyline, trailer, cast and production team
Can I Get a Witness?? is a new sci-fi film directed by Ann Marie Fleming. The story highlights the impact of extreme policies to protect the environment. The film features Sandra Oh, Keira Jang, and Joel Oulette. It premiered at the Toronto International Film Festival in September 2024 and will be released in Canada and the U.S. soon.
09.03 / 15:37
markets
UPS
Racing
Election
RAI
How will Canada's next prime minister be chosen?
WHY DOES THERE NEED TO BE A RACE? Unlike in Australia and Britain, where prime ministers are chosen by legislators and can be removed very quickly, the heads of political parties in Canada are chosen by members in special contests. Trudeau's resignation automatically triggered a leadership race. The new head of the Liberal Party will become the new prime minister.
09.03 / 11:09
markets
Platform
Tesla
President
Universities
Department
Schools
Who is Elon Musk, Trump's pick to lead Department of Government Efficiency
Elon Musk is a tech billionaire, entrepreneur and an innovator and has been dominating the headlines recently due to his involvement in various important projects, influence in technology and space exploration missions. Musk, the richest man in the world, currently has a fortune of about $330 billion, a significant 24% decrease from the start of the year, according to the Bloomberg Billionaires Index. The boss of X (formerly Twitter), Tesla, SpaceX, Neuralink and The Boring Company Elon Musk has used his platform to make his views known on a vast array of topics. Musk is US President Donald Trump's choice to lead Department of Government Efficiency (DOGE), a new advisory body to cut US government jobs and other federal spending.
09.03 / 04:53
markets
Cooper
Trade
President
RAI
reports
Congress' Pawan Khera slams government over 'reducing' tariff under Trump's pressure
Pawan Khera slammed Prime Minister Narendra Modi-led government on Donald Trump's statement on India agreeing to 'reduce' tariffs and questioned whether the reported deal was signed «under pressure.» Noting Commerce Minister Piyush Goyal's visit to US, Pawan Khera questioned the «secrecy» behind the reported deal and asked why the Indians are getting to know about it through the US President. «140 crore Indians are getting to know our own government's Trade Policy through the US President — Trump. Has the GOI taken a decision to cut Tariffs under pressure by PM Modi's close friend — Mr. Donald Trump? Has Union Minister Piyush Goyal, who is in the United States to apparently negotiate a Trade Deal, buckled under pressure and signed on the dotted line dictated by 'Howdy Modi's close compatriot Namaste Trump'?» Khera said in the statement.
08.03 / 22:01
UPS
Netflix
Bill
love
pop
dance
Relationships
Bill Maher roasts Taylor Swift’s love life, but is the joke getting old?
Real Time With Bill Maher, the 69-year-old comedian quipped about the pop sensation’s unexpected streak of relationship stability, saying, “This world is so upside down now. It took [President] Trump three weeks to break up with Ukraine, Mexico, and Canada. And yet, Taylor Swift has the same boyfriend for over a year.” The joke, a clear dig at Swift’s relationship with NFL star Travis Kelce, is just the latest in a long line of public figures making her love life the punchline. But at this point, are these cracks about her dating history just lazy, outdated, and—dare we say—boring?
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