Politics

Ontario suspending U.S. electricity surcharge after White House ‘olive branch’

Ontario suspending U.S. electricity surcharge after White House ‘olive branch’

Ontario Premier Doug Ford says his government is suspending its 25 per cent surcharge on electricity exports to three U.S. states after securing a meeting in Washington with the commerce secretary. A day filled with escalation between Ford and U.S. President Donald Trump crescendoed toward Ford’s announcement that the surcharge he introduced on Monday would

Ontario officially hits U.S. with 25% electricity tax amid trade war

Ontario officially hits U.S. with 25% electricity tax amid trade war

The Ontario government has officially applied a 25 per cent surcharge on all electricity exports to three U.S. states. The additional tax, effective on Monday, will affect 1.5 million homes and businesses in Michigan, Minnesota and New York — costing up to $400,000 per day, the government said.The move is part of Ontario’s initial suite

Tariffs ‘could go up,’ Trump says while allaying recession fears – National

Tariffs ‘could go up,’ Trump says while allaying recession fears – National

Worldwide tariffs are unlikely to go down, but “could go up,” U.S. President Donald Trump says. In an interview with Fox News host Maria Bartiromo on Sunday, Trump tamped down fears of a looming recession after a tumultuous week for the U.S. stock market as investors grappled with further uncertainty from Trump’s tariffs.Trump exempted certain products traded

Canada gives $272M in aid to Bangladesh, Indo-Pacific as USAID shuttered

Canada gives $272M in aid to Bangladesh, Indo-Pacific as USAID shuttered

Canada’s Minister of International Development, Ahmed Hussen, unveiled $272.1 million in new funding on Sunday for foreign aid projects in Bangladesh and the Indo-Pacific region. “Canada continues to fiercely strengthen our long-lasting friendship with Bangladesh and the wider Indo-Pacific region with our long-standing people-to-people ties,” Hussen said in a statement. “By supporting vulnerable communities’ healthcare