County Canadian Financial News

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.

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

In the face of a trade war, Canadian business leaders are making big changes in the way they conduct operations — and many are moving away from their longtime trading partner on the other side of the border, according to a new Léger survey.

Subscribe to enjoy similar stories. Wouldn’t it be ironic if the 2025 Trump trade was an anti-Trump trade, buying stocks in the places President Trump targets? This year Canadian, Colombian, Mexican, European and Chinese technology stocks are all outpacing the S&P 500, the dollar is down and the Magnificent Seven big tech companies—five of whose CEOs stood behind the president at his inauguration—have stopped leading the U.S. market up and turned into laggards.

World Bank report released on Friday.

United States President Donald Trump is calling for the immediate revival of the Keystone XL pipeline, a cross-border project that cost the Canadian oilpatch billions when it was cancelled in 2021 by the former administration and is still the subject of an ongoing $1.3-billion lawsuit by the Alberta government.

Mexico’s peso and Canada’s dollar got a boost after United States President Donald Trump signalled the deadline for levies on goods from both countries would be pushed back, raising investor skepticism over one of the U.S. leader’s signature policies.

U.S. dollar firmed above an 11-week trough on Thursday as vague pledges from President Donald Trump to impose tariffs on Europe and further delays to levies planned for Canada and Mexico stoked uncertainty. The euro steadied after falling further from a one-month high of $1.0529 in the previous session, as traders took a wait-and-see approach to Trump floating on Wednesday a vague 25% «reciprocal» tariff on European cars and other goods.

Bank of Canada governor Tiff Macklem warns the Canadian economy will not be able to bounce back from a protracted trade war with the United States, as the impact from the trade disruptions will be structural in nature.

The “thumbprints” of a weaker Canadian dollar made their mark in January’s consumer price index (CPI) report, well-known Bay Street economist David Rosenberg said.

The United States and Canada have gone from being in a mediocre marriage to a bad one. What’s changed is that America no longer has a custodial president; it has a consequential one who wields his country’s power and wants complete control over all partnerships.

Stephen Miller, White House deputy chief of staff for policy, breaks down President Donald Trump's tariffs on ‘Kudlow.’

Maurice Obstfeld, former Chief Economist at the International Monetary Fund (IMF), teaches at the University of California, Berkeley. Speaking to Srijana Mitra Das, he discusses burgeoning tariffs — and their effects on prosperity:

President Donald Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico and China

Bitcoin, the world's largest cryptocurrency by market value, fell to a low of $91,242.89 on Monday morning in Asia. However, it was trading 6.6% lower at $92,991 by 10:35 AM IST. Meanwhile, Ethereum dropped over 20%, returning to levels last seen in early September, last fetching $2,470.

Donald Trump slapped tariffs on goods from three major trade partners at the weekend.

Donald Trump's administration will reportedly focus on restoring the ‘Phase 1’ trade deal signed in 2020 during his first term in the White House.