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It feels like we've been building to this week.Ever since U.S. President Donald Trump was elected, we've been waiting for a moment when his broad plan about tariffs is put forward.He initially said it would happen on inauguration day, then the first day of February. That was delayed to the 4th of February.
This Canadian election is about a lot of things. It’s about trade and tariffs and threats and sovereignty. It’s about anger and disappointment and frustration. But if you zoom out, it’s about the economy. There are two key questions voters will have to answer for themselves. One is, who is best to stand up to U.S. President Donald Trump...
It's going to be another weird week, so hold onto your hats. If you've had a hard time keeping track of all the various tariff threats and deadlines, you are not alone. My colleague Alex Panetta has a handy guide for what threats come due on what dates here. This week, we face the first hurdle. U.S. President Donald Trump...
Numbers out this week will show just how precarious a footing Canada's economy is on as it braces for a trade war.GDP growth has been meagre at best for a while now.GDP expanded by 0.3 per cent in the third quarter (July, August and September) after rising 0.5 per cent in the first two quarters of the year.
It's remarkable how quickly the things we worried about can change.For years now, inflation was the most important thing on the economic landscape. Now, it's tariffs and the threats emanating from the White House.Those tariffs will have a weird impact on inflation.
On Sunday as many were hunkering down to watch the Super Bowl, Donald Trump launched his latest salvo in the looming trade wars. This time he threatened to impose 25 per cent tariffs on all steel and aluminum entering the U.S. We have almost no other details and we'll see what specifically is done, when it will come into effect...
Canadian businesses and policy makers are still reeling from the whirlwind that came with Donald Trump's threatened tariffs and, on Monday, his 30-day pause. But it's clear — free trade and its proponents are facing a rough road ahead.And though the U.S. president may be the loudest and most existential threat to free trade, he's definitely not alone.
This weekend was a whirlwind.I was among those who didn't believe Donald Trump was going to go ahead with the tariffs.We aren't yet there, but we are one giant step closer.I know the question we all have revolves around how deep this will cut and what part of my pocketbook will feel it first.
The Bank of Canada has a tricky decision to make this week.It's expected to cut interest rates yet again, bringing the key overnight lending rate all the way back to three per cent. The tricky part is in laying out where it goes from here.
I wish I had a better sense of how this week is going to go.I'm not alone.For months now, Canada (and the world) has been living under the threat of tariffs that would be a catastrophe. Today, we will see what Donald Trump really means.
Donald Trump is threatening steep tariffs on all goods entering the U.S. from Canada, Mexico and China. They'll be in place until the countries stop the flow of migrants and drugs illegally entering the U.S., Trump said. Mexico and China have threatened to respond in kind. Businesses, economists and policymakers are trying to figure out how much of this is...
Here we go again. Canadian industries are bracing for chaos, discord and, above all, tariffs. Donald Trump's sweeping presidential election victory this week sets the stage for a series of obstacles to trade between Canada and its biggest trading partner. But for those who spent much of Trump's first term defending Canadian interests in a trade war, there is an...
Canada's real estate market is notoriously unhinged. Home prices are up more than 35 per cent in just four years. Mortgage interest costs are up 30.9 per cent year over year. And rental prices are continually hitting record highs. As inflation comes under control, there is a growing chorus calling on the Bank of Canada to cut interest rates, easing...
Shipping traffic through the Red Sea has "plummeted" as Houthi militants step up their attacks on vessels in the region.American-led airstrikes have done little to deter the disruption and now the CEO of one of the biggest shipping companies in the world says the disruption will probably last at least a few months.