Canada to impose 25% tariffs on $29.8B in U.S. goods starting Thursday
Canada is the United States' largest source of both steel and aluminum
- By: David Baxter and Anja Karadeglija, The Canadian Press
- March 12, 2025 April 10, 2025
- 12:07
Canada is the United States' largest source of both steel and aluminum
Canada to impose retaliatory tariffs of $29.8 billion starting Thursday
This seventh-consecutive cut puts the overnight rate at 2.75%
Move targeting Republican states to be implemented in two stages
The consumer price index increased 2.8% in February relative to one year ago
Trump said tariffs are critical for changing the U.S. economy, regardless of stock market impacts
'I don’t think you can continue on as you’ve done historically,' portfolio manager says
The outlook for the labour market is murky as Trump wages a trade war with foreign countries
The premier told NBC News it's time for both sides to sit down at the negotiating table
Trump advisors were on television this weekend, claiming again that Canada imposes 250% dairy tariffs
Third-party service providers identified as top risk for the first time
The government called for increased domestic demand and consumer spending amid worries about deflation
Majority of economists expect the central bank to deliver a 25-basis-point rate cut this week
U.S. President Donald Trump said he may hit Canadian lumber and dairy with "reciprocal" tariffs on Friday
Expectations of a rate cut by the Bank of Canada next week are mixed
Powell said the Fed is 'well positioned to wait for greater clarity' from Trump administration
At the same time, the gender gap has narrowed in boardrooms
This slowdown comes before any substantial hit from U.S. tariffs: economist
But the unemployment rate ticked up slightly to 4.1% as the number of jobless Americans rose
The Canadian economy added just 1,100 jobs last month
Hedge fund-style products were also popular as investors sought ways to mitigate risks, diversify: report
Canada is not alone in its reliance on U.S. purchasers
U.S. President said he still plans to impose “reciprocal” tariffs starting on April 2
The tariffs on Canadian and Mexican imports into the U.S. are now delayed until Apr. 2
Federal government layoffs ordered by the Department of Government Efficiency aren't yet showing up in the numbers