U.S. President Donald Trump said he would likely decide by the end of the day Thursday whether to put a 25 per cent tariff on Canadian oil imports that he confirmed will take effect on Saturday. “We may or may not. We’re going to make that determination probably tonight on oil,” Trump told reporters at
United States President Donald Trump’s tariff threats are not going away. Before and after assuming office in his second term, Trump has threatened to levy blanket tariffs of 25 per cent on all goods entering the U.S. from Canada and Mexico, in addition to targeting Chinese exports.He’s given a variety of reasons to justify trade
To build or not to build: that’s the question facing Canadian politicians, oil and gas experts and industry leaders when it comes to domestic pipelines, as U.S. President Donald Trump continues to tout plans for American energy independence. In a wide-ranging virtual address to the World Economic Forum in Davos, Switzerland, on Thursday, Trump made
Descrease article font size Increase article font size TD Bank Group said on Friday CEO-designate Raymond Chun would be appointed to the role on Feb. 1, months earlier than initially planned, and slashed the salary of 41 executives, including its outgoing chief. Last month, the Canadian bank warned of a challenging 2025 and suspended its
A surprise jump in the unemployment rate in November drove the loonie lower on Friday and raised odds among markets and some big banks for a second consecutive oversized interest rate cut from the Bank of Canada. Canadian employers collectively added some 51,000 jobs in November, Statistics Canada said, but the unemployment rate jumped to
Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians. Mendes made the comments in a speech Tuesday in Charlottetown on the importance of keeping inflation at the two per cent target.His speech comes as the Bank of
Pierre Trudeau famously described living next to the United States as “sleeping with an elephant,” a sentiment his son is intimately aware of amid this year’s tumultuous and polarized American election. Prime Minister Justin Trudeau has likely reflected on his father’s words about Canada’s proximity to the U.S.: “one is affected by every twitch and
Dockworkers across the eastern United States are joining their peers on strike at Montreal ports as a fresh wave of labour action grips North American supply chains. Workers at 36 U.S. ports from Maine to Texas took to the picket lines early Tuesday in a strike over wages and automation.The contract between the ports and
The national unemployment rate ticked higher again in August as the labour market continues to cool, prompting some economists to wonder if the Bank of Canada should be cutting interest rates faster. Statistics Canada said Friday that the unemployment rate rose to 6.6 per cent, up from 6.4 per cent the month before, amid a
After a bitter contract dispute shut down the country’s two major railways, the federal labour board ordered thousands of rail employees back to work on Saturday. Federal Labour Minister Steven MacKinnon asked to send the parties to binding arbitration while an agreement is hammered out between Canadian National, Canadian Pacific Kansas City and the Teamsters