Countries scramble to respond with countermeasures, negotiations and industry support amid sweeping U.S. trade restrictions
In addition to a baseline 10% tariff on goods from most countries, about 60 nations will be subject to higher levies
PM says he's working on a "framework" for auto producers to get relief from the countertariffs as Stellantis Windsor plant pauses production
Transport costs are a barrier to diversifying, while moving factories to the U.S. would add closure, labour costs
Pause on 25% blanket tariffs on Canadian goods to be lifted Wednesday; details on auto tariffs still fuzzy
Recession to drive higher loan losses, weaker earnings, Fitch says
Trump’s grievances against U.S. trading partners come at a time when the country is outperforming the world’s other advanced economies
Canadian economy could shrink 5.4% for the quarter
Cracks in U.S. economy will eventually drive more stable policy, CIBC says
North American stocks out of favour amid recession risks