TSX ends down 0.1% at 26,175.05 For the month, the index gains 5.4% First-quarter GDP increases 2.2% May 30 – Canada’s main stock index edged lower on Friday as energy and metal mining shares lost ground, but the index still posted its biggest monthly advance since November, helped by easing global trade tensions. The Toronto…
Canadaâs Liberal Party has won a fourth consecutive national election in a race that largely came down to which party would better stand up to US President Donald Trump. âWe are over the shock of American betrayal,” Mark Carney, a former central banker and the leader of the Liberal Party, said in a victory speech…
In response, both Canada and Mexico have announced retaliatory tariffs on key US industries, while Trump has vowed to impose âreciprocal” tariffs on âeverybody across the board.” Also Read: Truth or dare: Close the deficit in clarity over the impact of Trumpâs tariffs Since no other country wields as much influence over the world economy…
The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground. US President Donald Trumpâs reciprocal tariff policy, due to come into effect on 2 April, has upset global markets and will strain our trade relations. India must keep its…
At its most basic, a tariff is a tax or duty on an imported good or service. It can be on a single product, a category of products or applied on all imports from a specific country. In the first weeks of the new Trump administration, all these forms have been announced. For instance, Trumpâs…
Never mind that applying selective tariffs violates the Most Favoured Nation (MFN) rules of the World Trade Organization (WTO). If someone raises an objection, WTOâs dispute resolution mechanism is expected to deal with it. But that mechanism is broken partly because the US has blocked appointments to its appellate body. If pushed further, it is…
Supply Lines is a daily newsletter that tracks global trade. . China said it will impose retaliatory tariffs on imports of rapeseed oil, pork and seafood from Canada as the trade war escalates. There will be a 100% tariff on rapeseed oil, rapeseed meal and pea products, and a 25% levy on pork and some seafood…
Zelensky: âIâm not playing cards. Iâm very serious, Mr President. Iâm very serious.” Trump: âYouâre playing cards. Youâre gambling with the lives of millions of people. Youâre gambling with World War III.” Donald Trump told Volodymyr Zelensky that the latter had no cards no fewer than five times in the last 10 minutes of their…
(Bloomberg) — The US has rejected a Canadian proposal to establish a task force that would tackle Russiaâs so-called shadow fleet of oil tankers, as the Trump administration re-evaluates its positions across multilateral organizations, according to people familiar with the matter. Canada, which holds this yearâs revolving G-7 presidency, will host a summit of foreign…
A polar vortex collapse is predicted to bring severe winter-like weather to parts of Canada and the US around the middle of this month. This same weather event affected several regions across North America last month, causing freezing temperatures and widespread travel disruptions. According to reports, the upcoming polar vortex collapse could also impact the…
