Page 15 - Canada

Canada sounds the alarm as US trade war escalates ahead of G7 Summit

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

Ready to boost bid if Seven & i engages in takeover talks, says Couche-Tard

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

Mark Carney to take oath as Canada's 24th Prime Minister on Friday

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

Canada was an ally, trying to become a competitor: White House Secy Leavitt

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

Will keep tariffs until US commits to free trade, says Canada's new PM

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

Dow, S&P, Nasdaq decline after Trump announces fresh tariffs on Canada

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 tightens trade rules as Canadian tariffs spark price volatility

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 raises 25% tax on electricity exports to US over Trump trade war

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

Ex-banker Carney wins Canada's liberal contest, to succeed Trudeau in days

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

Meet Mark Carney, Canada's new PM who once likened Trump to 'Voldemort'

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

Canada to reunite 10,000 immigrant families through PGP programme in 2025

The PGP programme allows Canadian citizens, permanent residents, and registered Indians to sponsor their parents and grandparents for immigration

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