Canada

India, Canada aim to conclude CEPA talks by 2026 to boost bilateral trade

In a bid to deepen bilateral economic and financial cooperation, India and Canada have said they are looking to conclude negotiations on a Comprehensive Economic Partnership Agreement by the end of 2026 and initiate talks on a Bilateral Investment Treaty at the earliest. At the inaugural Economic and Financial Dialogue in Toronto on Thursday, Finance Minister Nirmala Sitharaman and Minister of Finance and National Revenue, Francois-Philippe Champagne of Canada agreed to support engagement between relevant authorities and stakeholders to explore opportunities relating to cross-border remittances and merchant payments. They welcomed opportunities to broaden the use of UPI in Canada through partnerships with payment service providers, recognising that such efforts could contribute to faster, and cost-effective payments and support bilateral trade, tourism, education, and the growth of small and medium-sized enterprises in both countries, as per a joint statement issued after inaugural .

India, Canada on track to reach $50 billion trade target by 2030: FM

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement

Donald Trump renames Lake Ontario as Lake America, stoking Canada spat

Lake Ontario is one of the Great Lakes and straddles the US-Canada border between the state of New York and the province of Ontario

India, Canada can add certainty to global growth: FM Nirmala Sitharaman

Finance minister pitches India as a stable investment destination as the two countries seek to conclude an investment protection agreement by the end of this year

Sitharaman pitches deeper India-Canada financial partnership in Toronto

The finance minister said the partnership could expand across infrastructure, fintech, clean energy, digital finance and capital markets, backed by Canadian institutional capital

Trump floats renaming Lake Ontario to 'Lake America' amid trade war

The water body serves as a natural border separating the province of Ontario from New York state and forms part of the five Great Lakes of North America

Trump admin weighs more trade penalties against Canada after retaliation

Trump and Carney were close to a possible deal, but talks broke down late Friday, and 50% tariffs on about $20 billion in Canadian goods came into effect just after midnight

Canada slaps retaliatory tariffs on US goods worth $20 bn amid trade war

US President Donald Trump's new 50% tariffs on $20 billion of Canadian imports took effect on Saturday after talks between the two countries ​collapsed.

Canada to announce retaliatory tariffs against US as trade fight escalates

Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed. The official spoke on condition of anonymity because they were not authorised to discuss the plans publicly. Prime Minister Mark Carney said Monday that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses. President Donald Trump escalated the dispute again Monday, telling Canadian leaders to "fall in line" or face consequences "far WORSE" than tariffs already imposed and threatening new 50 per cent tariffs on Canadian vehicles, auto parts and steel. Carney accused Washington of trying to subordinate Canada and said US trade demands had confirmed Canada's fears that the United States was seeking to dismantle major Canadian

Trump threatens 50% tariffs on all cars, trucks from Canada amid trade spat

"On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US!" Trump said.

FM Sitharaman to visit Canada and US from August 25 to September 2

Finance minister will hold bilateral and investor meetings in Canada and the US, and lead the Indian delegation at the G20 finance ministers' meeting in Asheville

United States could bear the brunt of escalating trade war with Canada

New 50 per cent US tariffs and Canada's threat of retaliation raise risks of higher prices, weaker investment and fresh economic shocks amid persistent inflation

US, Canada fall deeper into trade war with new tariffs as talks collapse

The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the US to impose 50 per cent tariffs on USD 20 billion worth of Canadian goods and Canada setting September 8 as the start of its retaliatory penalties. President Donald Trump's import taxes will hit about 5 per cent of what Canada ships to the United States every year, ranging from hockey sticks to tongue depressors. Prime Minister Carney said Ottawa would respond with targeted tariff protection for industries exposed to the new US duties, including some steel products. He also mentioned the dairy, appliance, agricultural equipment, pulp and paper and electronics sectors. No further talks were planned. Whatever the eventual outcome, a loss of trust seems one of the ..

Canada will impose retaliatory tariffs on US goods beginning Sept 8

Canada will impose retaliatory tariffs on US goods beginning September 8, Canadian Prime Minister Mark Carney said Saturday. The move escalates a trade conflict after Washington imposed 50 per cent tariffs on about USD 20 billion worth of Canadian products and last-ditch negotiations collapsed late Friday in Washington. Carney said the dollar-for-dollar retaliation would target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Details of the specific products will be released in the coming days. Carney, speaking in Ottawa, also disclosed that Canada had been willing to drop remaining retaliatory tariffs on steel, aluminum and autos if the United States substantially lowered its own, and to encourage provinces to restore US alcohol sales. But he said Washington's final demands went too far, saying, "They asked too much and offered too little," Carney said.

US hits Canadian goods with 50% tariffs, Mark Carney vows to retaliate

The US tariffs kicked in Saturday on hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling around $20 billion

US set to impose 50% tariffs on Canadian goods as trade negotiations fail

The United States was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump's import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact will likely be even bigger than the economic fallout. Canada has threatened to retaliate against any new tariffs with levies of its own, aggravating a trade fight between countries that sold each other $880 billion worth of goods and services last year. The tariffs were initially supposed to kick in at 12:01 a.m. Wednesday. But Trump extended the deadline for three days to allow talks to continue, but the two countries still could not reach an agreement in time.

2 injured in stabbing at Canada's Edmonton gurudwara, suspect arrested

Two men were injured after a 27-year-old armed man stabbed them inside a gurdwara in Canada's Edmonton during morning prayers, authorities said, with police probing the incident to ascertain whether the attack was hate-motivated. The incident took place at Nanaksar Sikh Gurdwara in northeast Edmonton around 5 am (local time) on Friday. The suspect entered the gurdwara and attempted to access the prayer area before he was confronted by staff, police said. The confrontation escalated and two men, aged 75 and 51, were stabbed, Edmonton Police Service (EPS) said in a statement on Friday. During a news conference on Friday, Acting Inspector Eric Stewart with EPS said the EPS Hate Crimes unit is investigating. Stewart said police received a report of a man walking in traffic shortly before officers were called to the scene of the stabbing. "Quick acting witnesses" intervened and detained the man, before police arrived and the victims were taken to hospital, Stewart said. Zora Grewal,

Canadian provincial leader calls Trump a 'bad person' amid trade talks

The premier of a Canadian province launched a blistering attack on US President Donald Trump on Thursday, calling him a "bad person" and "not to be trusted" and urging Canada to keep fighting rather than rush to make concessions in trade talks with Washington. Manitoba Premier Wab Kinew said Canada has leverage in the talks even as his province weighs restoring US alcohol sales at Prime Minister Mark Carney's urging to help secure a deal that would avert threatened 50 per cent US tariffs. "Everybody knows the American president by now, he's erratic, he's irresponsible, and he's not to be trusted. And this is the person that we were supposed to make a deal with, and we're going to make additional concessions for it. That's why I say you can't make a good deal with a bad person, because who's to say it's not going to be undone?" Kinew said. Dominic LeBlanc, the federal minister responsible for Canada-US trade, said Thursday the two countries were close to finalizing an agreement after

Trump says US, Canada have trade deal, but key terms remain unclear

Canada has dodged President Donald Trump's threat of 50 -per cent tariffs - at least for now. Trump went on social media late Tuesday to say he was pausing for three days the taxes on USD 20 billion worth of Canadian imports less than two hours before they were set to go into effect. Speaking to reporters at the White House Wednesday, Trump said that talks with Canada yielded a "very fair deal for both" sides. "Our farmers are going to be thrilled, our manufacturers are going to be thrilled," Trump said in an impromptu gaggle during a tour of South Lawn construction. Trump also noted that the agreement is all subject to the "finalization of documents." For now, the tariffs have been postponed until 12:01 am Saturday. Dominic LeBlanc, the minister responsible for Canada-US trade, returned to Ottawa on Wednesday to meet Canadian Prime Minister Mark Carney, who was also set to chair Cabinet and a virtual meeting with provincial and territorial leaders. Trump's tariff threat would hit

US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump

President Donald Trump said Tuesday he was delaying the 50 per cent US tariffs on USD 20 billion worth of Canadian imports after the two countries reached a last-minute deal hours before the sanctions were to go into effect. The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies. "I have paused the 50 per cent Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the USA., subject to the finalization of documents, have a DEAL!" Trump posted on Truth Social less than two hours before the 12.01 am. Wednesday deadline. Trump's import taxes would have hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact would likely have been bigger than the economic one. Canada had .