Canada Financial News

Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at the same time major producers are set to increase output. Brent futures rose 13 cents, or 0.19%, to $69.59 a barrel by 0217 GMT. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.08%, to $66.44 a barrel.

jobs data due later in the day. Another reprieve of levies aimed at Mexico and Canada announced by U.S. President Donald Trump on Thursday offered little relief, keeping the safe-haven yen not far off its strongest against the greenback since early October.

President Donald Trump announced on Thursday that goods from Canada and Mexico covered by the U.S.-Mexico-Canada trade agreement (USMCA) will be exempted for a month from the 25% tariffs imposed earlier this week. The development comes a day after Trump exempted automotive goods from the tariffs.

Gold prices inched lower on Friday but were on track for a weekly rise as uncertainty around U.S. President Donald Trump's tariff plans firmed demand for bullion, while investors awaited for U.S. non-farm payrolls data later in the day.

Chipotle on Thursday announced the temporary addition of Chipotle Honey Chicken to the menu in its restaurants across North America and Europe. The protein option was first introduced by the chain at locations in Nashville and Sacramento last year on an experimental basis. It emerged as the brand's best-selling limited-time offering after the launch, Chipotle noted in an official release.

Trudeau said Thursday he expects Canada and the U.S. to be in a trade war for the foreseeable future after having what he called a colorful but constructive call with U.S. President Donald Trump this week. Trudeau said the two sides discussed tariffs, and that they are «actively engaged in ongoing conversations in trying to make sure these tariffs don't overly harm» certain sectors and workers. He also reiterated that «we will not be backing down from our response tariffs until such a time as the unjustified American tariffs are Canadian goods are lifted.» Trump launched a new trade war Tuesday by imposing tariffs against Washington's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin. Trump put 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy.

And for the second time in 25 years, as oversized maple leaf flag ripples on a screen behind him, Jeff Douglas, from Truro, N.S, approaches the microphone and delivers the same message: Canada will not cower to the United States. Jeff Douglas, from Truro, N.S., became a national sensation after starring as flannel-wearing Joe Canadian in Molson Canadian's 2000 ad «The Rant,» which was a huge success for the beer company and popularized the slogan, "I am Canadian!", reported CBC News. He appeared in a highly popular ad for Molson Canadian beer over two decades ago and became a national sensation.

energy stocks rallying on lower crude prices. Market sentiment also improved following U.S. President Donald Trump's temporary tariff reprieve on auto imports from Mexico and Canada. The benchmark BSE Sensex added 609.86 points or 0.83% to close at 74,340.09, while the broader Nifty 50 index closed at 22,544.70, higher by 207.40 points or 0.93%.

ALSO READ: 'Good luck Justin': Trump again mocks 'governor' Trudeau after 'somewhat friendly' 50-minute call

Subscribe to enjoy similar stories. Early indicators suggest the US economy is slowing even as US President Donald Trump’s additional import tariffs on China, Canada and Brazil kicked in on Tuesday. Trump also paused military aid to Ukraine on 4 March following a televised clash with Ukrainian President Volodymyr Zelenskiy at the Oval office last week.

Subscribe to enjoy similar stories. The Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.

Bitcoin and other major cryptocurrencies slumped on Tuesday as investor optimism over a proposed US Crypto Strategic Reserve faded. The decline also came amid escalating trade tensions, with US President Donald Trump confirming tariffs on Canada, Mexico, and China would take effect within hours. Investors turned risk-averse after Trump announced that 25% tariffs on Canada and Mexico, along with a doubling of China levies to 20%, would be implemented from 05:01 GMT on Tuesday. Market concerns were further fueled by signs of economic strain, with U.S. factory gate prices hitting a nearly three-year high and supply chain disruptions intensifying.

Subscribe to enjoy similar stories. Soon after Donald Trump won the presidential election in November, Xi Jinping asked his aides to urgently analyze the Cold War rivalry between the United States and the Soviet Union. His concern, according to people who consult with senior Chinese officials, was that as President Trump gears up for a showdown with Beijing, China could get isolated like Moscow during that era.

Subscribe to enjoy similar stories. India's top B-schools, including Indian Institute of Management-Ahmedabad (IIM-A), are betting on external coaches and counsellors to help students ace the placements at a time when the job market has turned uncertain amid a slowing economy, set to be exacerbated by a trade war unleashed by US president Donald Trump.

Sensex and Nifty, opened higher for the second consecutive session on Thursday, driven by gains in auto, financial, and metal stocks. The rally followed US President Donald Trump's temporary tariff reprieve on automobile imports from Mexico and Canada. The BSE Sensex climbed 299 points (0.41%) to 74,032, while the Nifty50 advanced 99 points (0.44%) to 22,436 around 9:20 am.

Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won't cut popular health and retirement benefits. Some of Trump's advisers have espoused unorthodox ideas in recent months, including forcing foreign governments to swap Treasuries for cheaper bonds in order to reduce interest payments and selling residency cards to rich foreigners at $5 million a pop.

oversold market after early indications that the US may soften its stance on trade tariffs. The NSE Nifty gained 1.15%, or 254 points, to finish at 22,337. The BSE Sensex rose 1.01%, or 740 points, to close at 73,730.

Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if United States President Donald Trump leaves any tariffs on Canada in place, according to a senior Canadian government official.

California has paused rebate programs offering thousands of dollars to consumers who make their homes and appliances more energy efficient due to a Trump administration freeze on federal funding.

Howard Lutnick is claiming that the US President may begin a rollback on his decision soon, and now this uncertainty has created some confusion within US consumers as well as Wall Street, according to a Fortune report.

Canada enters day two of a tariff war with the United States with a glimmer of hope south of border.