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The Latest Breaking News from Canada

Betting markets predict higher egg prices and more tariffs

Bettors are forecasting that Trump’s trade war isn’t set to end with the proposed tariffs on China, Canada, and Mexico

The Independent UK

U.S. national anthem booed before NBA game in Toronto despite tariff pause

A few fans booed the American national anthem before the Toronto Raptors hosted the New York Knicks on Tuesday night, a sign that some Canadians are still upset despite President Donald Trump’s 30-day pause on tariff threats against Mexico and Canada

The Independent UK

Trump's Tariff Power Grab May not be Over

Yesterday's deals with Canada and Mexico stopped the trade war for now. But Trump may yet return to asserting sweeping authority to impose whatever tariffs he wants.

Reason

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Trump’s tariff tactics carry higher economic risks than during his first term

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade

The Independent UK

Dollar Slides with Bond Yields on Weak US Economic News

The dollar index (DXY00 ) Tuesday fell by -0.94%. The dollar tumbled Tuesday as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. The stabilization of stock prices Tuesday...

Barchart

Trump's Trade War Will Make Energy More Expensive

From gasoline to nuclear power, tariffs will hurt America's energy sector.

Reason

Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain

If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

The Conversation

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Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms

On Saturday, Feb. 1, 2025, U.S. President Donald Trump announced a plan to slap steep tariffs on imports from key American trading partners – 25% on goods from Mexico and Canada and 10% on imports from China. His stated reason? To curb illegal immigration and drug trafficking.

The Conversation

Trump's North American Trade War Accomplished Nothing

Canada and Mexico agreed to keep doing things they were already doing, and Trump revealed that he cannot be trusted with unilateral tariff power.

Reason

Canada's Ambassador Rejects Trump's Proposal To Join United States

Canada's ambassador rejects Trump's annexation suggestion, emphasizing sovereignty. Temporary tariff agreement reached.

Top News

What do China's new tariffs on U.S. mean for consumers

The impact on U.S. consumers are likely to be limited so far, but experts warn of a looming ‘tit-for-tat trade war’

The Independent UK

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The Guardian - US

Seth Meyers on Trump: ‘Dismantling the government like he’s hacking away at a stolen Benz in a chop shop’

Late-night hosts discuss president’s trade war on Canada and Mexico and mass purges of government officials

The Guardian - UK

In this Trump era of shakedown diplomacy, everything has a price

Friends and allies of the US president will say his recent tariff threats delivered quick wins, but he may find there are no winners in a trade war

International Business Times

Despite Tariff Reprieve Canadians Worry 'Damage Already Done' To US Ties

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.

Latin Times

Republican Lawmaker Admits 'Concession' Trump Got from Trudeau in Exchange for Ending Trade War Is Not New: 'At Least He's Reiterated It'

A Republican lawmaker revealed that developments made in a trade agreement between US President Donald Trump and Canadian Prime Minister Justin Trudeau are not novel developments, but just reiterations of previously added clauses to the agreement.

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news in one place.

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Barchart

Dollar Slides and Gold Posts a Record High on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.71%. The dollar is under pressure today as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. Stabilization of stock...

The Guardian - UK

Giller prize drops sponsor after protests over Israel arms link

Canada’s most lucrative literary award has cut ties with its 20-year partner Scotiabank after author boycotts, disrupted events and an open letter

The Conversation

How Donald Trump’s attacks on Canada are stoking a new Canadian nationalism

Is the threatened trade war between Canada and the United States igniting a new form of Canadian nationalism? Polls suggest Canadians are overwhelmingly opposed to any notion of becoming the 51st American state as the U.S. anthem is being roundly booed at sporting events in Canada.

Reason

Town Uses Eminent Domain To Stop Private Affordable Housing Project

Johnston, Rhode Island, Mayor Joseph Polisena promised to "use all the power of government" to stop the privately financed 252-unit project.

International Business Times

Trump's Claim That US Banks Can't Operate In Canada Called False

The Canadian Bankers Association says 16 U.S.-based bank subsidiaries operate in the country.

The Conversation

How ‘system thinking’ explains how Canada will be affected by Donald Trump’s tariff threats

United States President Donald Trump has threatened to slap tariffs on Canadian and Mexican products in a month’s time. This will lead to retaliatory tariffs by Canada against the U.S.

Al Jazeera

What tariffs are China imposing on the US – and why are they significant?

China is quick to act when US tariffs on its imports go into effect, but experts say it’s leaving room for negotiation.

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