Canada Financial News

It’s starting to look like we might not be able to dodge those tariffs after all.

Gold prices have reached a record high as investors buy the precious metal in response to growing concerns over US president Donald Trump’s tariff plans and broader economic uncertainty, reported Reuters.

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts

A trio of federal cabinet ministers is in Washington Friday making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports.

The federal government is delaying plans to raise the inclusion rate on capital gains, offering a degree of clarity on the legislation stuck in limbo that was causing some confusion for the upcoming tax season.

U.S. President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters.

Subscribe to enjoy similar stories. President Trump’s advisers are considering several offramps to avoid enacting the universal tariffs on Mexico and Canada that he had pledged, according to people familiar with the matter, even as he reiterated Thursday that the tariffs are coming. The situation is fluid and Trump still may go through with his vow to slap 25%, across-the-board levies on imports from America’s two largest trading partners.

Surging prices for coffee on global markets are coinciding with a weak Canadian dollar, putting a “pinch” on cafés and retailers that could end up hiking the cost of your cup of joe.

American Airlines plane that crashed into a military helicopter while landing at Ronald Reagan Washington National Airport in Arlington, Va.Dozens have died, however, with “no survivors,” according to U.S. President Donald Trump, who called it a “real tragedy.”Global Affairs Canada told Global News on Thursday that it is “not aware of any Canadians onboard” American Airlines Flight 5342 from Wichita, Kansas, to Washington, D.C.“Global Affairs Canada extends deepest sympathies to all those affected by the plane and helicopter crash in Washington D.C.,” the department said.“Officials are in touch with local authorities and continue to gather more information.”At least 28 bodies were recovered from the Potomac River following the collision Wednesday night.A search-and-recovery operation is underway to find the remaining 39 passengers and soldiers who remain unaccounted for.“Sadly, there are no survivors,” Trump said during a news conference Thursday morning.“This was a dark and excruciating night in our nation’s capital and in our nation’s history, and a tragedy of terrible proportions.”D.C.

Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago.

The latest suspected senior Iranian official caught in Canada sued the immigration department and enlisted a Liberal MP’s office as part of her fight to stay in the country, government records show.

CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so.

WASHINGTON — The man U.S. President Donald Trump has chosen to oversee his tariff agenda says hitting Canada with 25 per cent across-the-board duties would be an emergency measure to achieve border security — and could be followed by more tariffs in the future.

Donald Trump’s nominee for commerce secretary on Wednesday defended the use of tariffs to create “fairness” and denied they will be inflationary, while also hinting at a looming fight with Canada over dairy market access.Billionaire financier Howard Lutnick told his U.S. Senate confirmation hearing that the 25 per cent tariffs Trump has vowed to impose on Canada and Mexico starting Saturday are meant purely to compel border security improvements from both countries, particularly to crack down on fentanyl trafficking.“If we are your biggest trading partner, show us respect: shut your border and end fentanyl coming into this country,” Lutnick said.“It’s not a tariff, per se, it is an action of domestic policy.

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada‘s latest cut to its key policy rate.

Subscribe to enjoy similar stories. The original intention was for American presidents to be mere legal executors—not emperors able to impose their will unilaterally. Over time, though, Congress has ceded more and more authority to the executive branch, and the courts, the third coequal branch of government, have happily blessed the arrangement.

(Bloomberg) — Canada is planning to set up a center to accommodate migrants from the US crossing the northern border into Quebec as the Trump administration pushes ahead with an immigration crackdown.

J.M. Smucker Co. chief executive Mark Smucker leaned on close advisers when he made the decision to bolster the jelly and coffee company through a US$5.6-billion acquisition in 2023 of Hostess Brands Inc., an equally well-known name in food, and they came from a seemingly unusual place: a Canadian bank.