New Canadian Prime Minister Mark Carney arrived in Paris Monday to meet with French President Emmanuel Macron, seeking support from one of Canada's oldest allies as tensions with the Trump administration spike. This is Carney's first official foreign trip since he was sworn in on March 14. He will next land in London where he will sit down with UK Prime Minister Keir Starmer and King Charles III, the head of state in Canada. Carney has deliberately chosen the two European capital cities that shaped Canada's early existence. During his swearing-in ceremony, he noted the country was built on the bedrock of three peoples, French, English and Indigenous, and said Canada is fundamentally different from America and will never, ever, in any way shape or form, be part of the United States. Since US President Donald Trump came to office, he has imposed whopping tariffs on Canadian steel and aluminum and repeatedly commented on turning Canada into the 51st state, infuriating Canadians and ...
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Former central banker Mark Carney was sworn in as Canada's new prime minister on Friday, and will now try to steer his country through a trade war brought by US President Donald Trump, a threat of annexation and an expected federal election. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader. Carney is widely expected to trigger a general election in the coming days or weeks. The governing Liberal Party had appeared poised for a historic election defeat this year until Trump declared economic war and threatened to annex the entire country as a 51st state. Now the party and its new leader could come out on top. Carney has said he's ready to meet with Trump if he shows respect for Canadian sovereignty? and is willing to take a common approach, a much more comprehensive approach for trade.? Trump put 25 per cent tariffs on Canada's steel and aluminum and is threatening sweeping
Trade war turmoil is weighing heavily on financial markets in Canada. Canada's main stock index has been tumbling along with US indexes since President Donald Trump initiated a trade war with his North American neighbours. Mexico's main stock index has remained relatively steady following measures from the Mexican government to stabilise financial markets. The Toronto Stock Exchange's S and P/TSX composite index reached an all-time high on January 30. It started sliding a day later following the first salvo in the form of announced 25 per cent tariffs on all goods from Canada and Mexico. Since then, Trump has rattled markets with uncertainty as he changes his mind on implementing or delaying tariffs on a seemingly daily basis. The S and P/TSX composite has shed about 5 per cent since Trump opened the trade war on January 31. The financial sector is among the hardest hit, with a 8.6 per cent drop. The industrial sector is down 7.4 per cent, while the energy sector has shed 5.4 per
Top diplomats from the Group of 7 industrialised democracies on Friday were wrapping up their final day of talks that have been overshadowed by US President Donald Trump's trade and foreign policies as well as his repeated taunts toward host Canada. Despite the tensions, diplomats signalled they would reach consensus on a final communique after hours of late-night negotiations. Diplomats from three countries said they believed they were 99 per cent of the way toward completing a joint statement that would reflect the group's positions. There is a great deal of unity within the G7, Canadian Foreign Minister Mlanie Joly said Friday. We talked about many different things. ... We support the US proposal for a ceasefire, which is supported by the Ukrainians, and we are waiting for the Russian response. British Foreign Secretary David Lammy said the group arrived at common positions on Ukraine, the Middle East, wars in Africa and Chinese activity in the South China Sea. All of that has
Canada is a sovereign state, yes, Pete Hoekstra said with a wry look when asked by Senator Chris Coons, a Delaware Democrat, during his confirmation hearing
Trudeau's departure comes as Mark Carney takes the helm of the Liberal Party and prepares to take oath as Canada's 24th Prime Minister today
The request was circulated to World Trade Organization members on Thursday
Why are fewer Indian students choosing to study abroad in 2024? Diplomatic tensions, stricter visa policies, and rising costs have led to a decline in enrollments in the US, UK, and Canada.
Ahead of G7 Summit, Canada urges allies to resist US trade war, calling tariffs an economic weapon and warning that no country is immune to Washington's coercion
Couche-Tard's top executives are in Tokyo Thursday to promote their multi-billion dollar bid to purchase the parent company of the 7-Eleven stores
He will be taking the reins from Canadian Prime Minister Justin Trudeau after securing a win in the Liberal leadership on the first ballot held on Sunday
The US President has called for Canada's annexation to the US as its 51st state, a remark which did not sit well with the former Canadian PM Justin Trudeau and the other leaders
Incoming Canadian Prime Minister Mark Carney said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after US President Donald Trump threatened historic financial devastation for Canada. Carney, who will be sworn in as Justin Trudeau's replacement in the coming days, said Trump's latest tariffs are an attack on Canadian workers, families, and businesses. My government will ensure our response has maximum impact in the US and minimal impact here in Canada, while supporting the workers impacted, Carney said. He added: My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade." Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbour and showing an indifference to recent stock market turmoil and rising recession risks. Trump said on
Trump doubled his planned tariff on all steel and aluminum products coming into the US from Canada, bringing the total to 50 per cent
China on Saturday shocked markets with a 100 per cent tariff to just over $1 billion of Canadian rapeseed oil, oil cakes and pea imports
Ontario's premier, the leader of Canada's most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to US President Donald Trump's trade war. Ontario provides electricity to Minnesota, New York and Michigan. I will not hesitate to increase this charge. If the United State escalates, I will not hesitate to shut the electricity off completely, Ontario Premier Doug Ford said at a news conference in Toronto. "Believe me when I say I do not want to do this. I feel terrible for the American people who didn't start this trade war. It's one person who is responsible, it's President Trump. Ford said Ontario's tariff would remain in place despite the one-month reprieve from Trump, noting a one-month pause means nothing but more uncertainty. Quebec is also considering taking similar measures with electricity exports to the US. Ford's office said the new market rules require any generator selling electricity to the US
Carney, 59, takes the reins at a time when the White House is creating upheaval in the global economy - and with US trading partners - with increasingly chaotic tariff announcements
As Mark Carney is all set to replace Justin Trudeau as Canada's next Prime Minister, the former banker will have to decide when to call a federal election
The PGP programme allows Canadian citizens, permanent residents, and registered Indians to sponsor their parents and grandparents for immigration