Daily News

Economy Source: Financialpost February 06, 2025

Why 25% tariffs doesn't necessarily mean 25% price hikes, and other things to expect in a trade war

The reprieve could provide Canadians with an opportunity to prepare if tariffs come to passPrime Minister Justin Trudeau announced on Monday that U.S. tariffs on Canada would be “paused” for up to 30 days, after agreeing to border security measures in an aft...

Source: Financialpost February 05, 2025

Shift to new trading partners won’t be quick or easy for Canada as tariff wall looms

Donald Trump's trade war could push businesses to find new markets, but not without cost Get the latest from Barbara Shecter straight to your inbox Sign Up Kyle Feigenbaum planned to take things slowly after meeting with an Asian retailer a few months...

Source: Financialpost February 05, 2025

Canadian dollar dips below 68 cents U.S., then soars on news of tariff reprieve

Loonie had fallen to lowest level in more than two decadesThe Canadian dollar went on a wild ride Monday, trading below 68 cents U.S. in anticipation of Donald Trump’s 25 per cent tariffs only to soar over 2.5 per cent on news of a reprieve later that day. ...

Investor Source: Financialpost February 05, 2025

Trump's tariff shock forces rethink of Canada's stock benchmarks

Stock-market prognosticators will probably need to lower their year-end expectationsOne day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year. We apologize, but...

Source: Financialpost February 04, 2025

Eric Nuttall: Now is the time to unleash Canada's enormous resource potential

New pipelines are our “trump card,” and, if given the necessary urgency, they could be built in a matter of years, not decadesThere are countries who have successfully leveraged their resource wealth to enrich their citizens, and then there is Canada. We a...

Source: Financialpost February 04, 2025

Trump targets loophole Temu, Shein used to take on Amazon

Tariffs include a broadside against international e-commercePresident Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against international e-commerce, with apparent plans to extinguish a long-held tariff exemption for pa...

Source: Financialpost February 04, 2025

Canada secures 30-day pause on tariffs threatened by Trump

News comes after Canada promised to appoint a 'fentanyl czar' and ensure 24/7 supervision of the borderPrime Minister Justin Trudeau says Canada had secured a thirty-day pause on tariffs threatened by U.S. President Donald Trump after promising to deploy mor...

Source: Financialpost February 04, 2025

Terence Corcoran: The tariff speech Trudeau didn’t deliver

What the prime minister should have said about Donald Trump's protectionist trade policiesThe following is excerpted from the speech Prime Minister Justin Trudeau should have delivered last Saturday as Canada’s response to U.S. President Donald Trump’s tarif...

Source: Financialpost February 04, 2025

Bets rise for an emergency rate cut by Bank of Canada

Traders of Canadian short-term interest rates have begun to price in meaningful oddsTraders of Canadian short-term interest rates have begun to price in meaningful odds of an emergency cut by the Bank of Canada to blunt the economic impact of tariffs the U.S...

Source: Financialpost February 04, 2025

Trump takes aim at Canada's banking sector as tariffs loom

'Canada doesn’t even allow U.S. banks to open or do business there. What’s that all about?' U.S. president says Get the latest from Naimul Karim straight to your inbox Sign Up United States President Donald Trump is pushing for American banks to have...