Page 14 - Canada

Canada has a new Prime Minister and he wants the US to show 'respect'

Mark Carney's landslide win in the Liberal leadership race paves the way for him to be sworn in as Canada's Prime Minister, replacing Justin Trudeau

All you need to know about Mark Carney, the next prime minister of Canada

Former central banker Mark Carney will become Canada's next prime minister after a Liberal Party leadership vote in a landslide. Carney is 59. He was born in Fort Smith, Northwest Territories, on March 16, 1965, and raised in Edmonton, Alberta. CredentialsCarney ran the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020. After helping Canada manage the worst impacts of the 2008 financial crisis, he was recruited to become the first non-Brit to run the Bank of England since it was founded in 1694. In 2020, he began serving as the United Nations' special envoy for climate action and finance. Carney is a former Goldman Sachs executive. He worked for 13 years in London, Tokyo, New York and Toronto, before being appointed deputy governor of the Bank of Canada in 2003. He has no experience in politics. EducationCarney received a bachelor's degree in economics from Harvard University in 1988, and master's and doctoral degrees in economics from Oxford University. L

Trudeau highlights Liberal party's achievements ahead of stepping down

Trudeau said, I am damn proud of what we've done over these past 10 years for the middle class and the people working hard to join it

12 wounded as 3 men open fire at Toronto pub customers, say police

A dozen people were injured in a shooting at an eastern Toronto pub in what police called a reckless act of violence by three men who entered the bar and fired randomly without warning. Superintendent Paul MacIntyre of the Toronto Police Service said police received numerous emergency calls reporting a shooting at the Piper Arms around 10:40 pm Friday. A preliminary investigation determined three males entered the pub and began shooting at customers, MacIntyre said during a news conference at the scene. There were no immediate arrests. One male was armed with what appears to be an assault rifle, the other two males were armed with handguns, and they walked into the bar, they produced their guns and they opened fire indiscriminately on the people sitting inside, MacIntyre said, adding there were no fatalities. Police arrived at the scene and found 12 people suffering from various injuries. The victims were transported to local hospitals and six were confirmed to have gunshot wounds

China imposes retaliatory tariffs on import of Canadian farm, food products

China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products. The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products. The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico. The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports. Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, ...

Bourbon goes off shelves in US as Canada fights Trump's tariff threats

Canadian pizzeria Gram's Pizza has decided to boycott US-made products after Trump slapped 25 per cent tariffs on Canada and threatened to annex the country and make it the 51st state of the US

Donald Trump changes course, delays some tariffs on Mexico and Canada

President Donald Trump on Thursday postponed 25 per cent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war. The White House insists its tariffs are about stopping the smuggling of fentanyl, but the taxes proposed by Trump have caused a gaping wound in the decades-old North American trade partnership. Trump's tariff plans have also caused the stock market to sink and alarmed U.S. consumers. In addition to his claims about fentanyl, Trump has insisted that the tariffs could be resolved by fixing the trade deficit and he emphasised while speaking in the Oval Office that he still plans to impose reciprocal tariffs starting on April 2. Most of the tariffs go on April the second, Trump said before signing the orders. Right now, we have some temporary ones and small ones, relatively small, although it's a lot of money having to do with Mexico and Canada. Trump said he was not looking to exten

Canada will be in trade war with US for 'foreseeable future', says Trudeau

Donald Trump launched a new trade war by imposing tariffs against Washington's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China

Trump's tariffs put Starlink's future in Canada in uncertain waters

Starlink flies more than 7,000 satellites in low-Earth orbit (LEO) serving some 5 million subscribers, and Canada is the company's largest market outside of the US

Trump considers exempting some agri products from Canada, Mexico tariffs

Lawmakers from states with strong agriculture interests have pleaded with the administration to carve out tariff exemptions for fertilizers and other products that are critical for growing US crops

Trump slams Trudeau for using tariffs, fentanyl crisis to stay in power

The US President said he highlighted the loss of lives due to fentanyl, which came through the Borders of Canada and Mexico

Trump exempts Mexico, Canada auto imports from new tariffs for a month

The announcement comes after Trump spoke with leaders of the big 3 automakers, Ford, General Motors, and Stellantis on Wednesday

Businesses rush to deal with Trump's tariffs on Canada, China, Mexico

A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected cost increase of remodelling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices. Businesses knew that Trump's import taxes -- tariffs -- on America's biggest trading partners were scheduled to take effect Tuesday. But many of them assumed they'd get a reprieve. After all, the unpredictable president had delayed the tariffs on Canada and Mexico for 30 days right before they were originally supposed to kick in on February 4. No such luck this time. At midnight Tuesday, the United States imposed 25 per cent tariffs on goods from Canada and Mexico, starting a trade war with its closest neighbours and allies. Trump also doubled his 10 per cent levies on Chinese imports in a series of moves that took US tariffs to the highest level since the 1940s. Canadian energy was shown some mercy, getting taxed at a lower 10 per cent. The three .

Amid trade war, Trump warns Canada of reciprocal tariff by like amount

Trump's remark came after Canadian Prime Minister Justin Trudeau said on Tuesday that Canada will be implementing 25 per cent tariffs against $155 billion worth of American products

Trump's trade war draws swift retaliation from Mexico, Canada, and China

President Donald Trump launched a trade war Tuesday against America's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business. Just after midnight, Trump imposed 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%. Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen. Canadian Prime Minister Justin Trudeau said his country would plaster tariffs on more than $100 billion of American goods over the course of 21 days. Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the

'Dumb thing to do': Trudeau's message to 'smart guy' Trump on US tariffs

Drawing a contrast between the US's approach to Canada and its stance on Russia, Trudeau remarked: 'Make that make sense'

Tariffs on China, Mexico and Canada may boost Indian exports to US: Experts

Imposition of high tariffs on China, Mexico, and Canada by the US is expected to help Indian exporters in increasing their shipments to the American market, experts say. They added that sectors which can be benefited include agriculture, engineering, machine tools, garments, textiles, chemicals, and leather. India was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. The Trump administration is imposing 25 per cent tariffs on Mexico and Canada and it will take effect on Tuesday. The US has also doubled the tariff on all Chinese imports to 20 per cent. "This can help Indian exporters in sectors such as agriculture, engineering, machine tools, garments, textiles, chemicals, and leather," President-designate of Federation of Indian Export Organisations (FIEO) S C Ralhan said. The tariffs would affect exports from China, Mexico and Canada to the US as they would push prices of their goods in the American marke

Mexico to impose tariffs on US, joining China and Canada in trade war

Mexico President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on US goods. Sheinbaum said she will announce the products Mexico will target on Sunday in a public event in Mexico City's central plaza, perhaps indicating Mexico still hopes to de-escalate the trade war set off by US President Donald Trump. Unlike China and Canada, Mexico decided to wait until Sunday, though the country has said since January that it had a plan ready for precisely this scenario. Canada said it would slap tariffs on more than $100 billion of American goods over the course of 21 days. Sheinbaum said Tuesday that there is no reason for penalties on some of the largest trading partners for the US. There is no motive or reason, nor justification that supports this decision that will affect our people and our nations, she said. The tariffs that had been threatened by President Donald Trump's against Canada and Mexico we

Canada, China's tariffs on US, Maharashtra minister resigns, Stock market update & more #newsinamin

US tariffs on imports from Mexico, Canada, and China took effect today, prompting countermeasures. Canada imposed a 25% levy on 30 billion Canadian dollars in US exports.

Trade wars erupt as Trump hits Canada, Mexico, and China with steep tariffs

The tariffs on Mexican and Canadian products could have much deeper repercussions for a highly integrated North American economy