Opposition parties call for Parliament's return after Trump hits pause on tariffs
The federal Conservatives and New Democrats say the government needs to recall Parliament within the next month to act on U.S. President Donald Trump's tariff threat.
On Monday, Trump agreed not to impose punishing tariffs on Canadian imports until March 4 after striking a deal with Prime Minister Justin Trudeau over two phone calls.
Trudeau says he presented Trump with the federal government's plan to secure the border and tackle fentanyl production and trafficking.
Despite tariff pause, uncertainty hangs over Canadian economy
Uncertainty still hangs over the Canadian economy despite U.S. President Donald Trump announcing a 30-day pause in tariffs that were to take effect today.
The temporary reprieve halts — at least for now — a continental trade war that economists on both sides of the border warned would raise prices.
Trump's decision meant Canada and the provinces also halted their moves to retaliate including with tariffs and bans on U.S. alcohol sales north of the border.
Trudeau says U.S. tariffs on Canada will be paused for 30 days
U.S. President Donald Trump has agreed not to impose tariffs on Canada and Mexico for another month, pulling back from a plan that would have tipped North America into a trade war on Tuesday.
Prime Minister Justin Trudeau spoke with Trump twice on Monday, their first discussions since the president took over the White House on Jan. 20. After what Trudeau described on social media as a "good call" in the afternoon, the two leaders agreed to pause tariffs for at least 30 days.
Trump wrong, U.S. banks can and do operate in Canada, association and professor say
The association representing bankers in Canada says U.S. subsidiaries and branches represent half of all foreign bank assets in the country, despite false claims by U.S. President Donald Trump that American banks can't do business north of the border.
"There are 16 U.S. based bank subsidiaries and branches with around C$113 billion in assets currently operating in Canada," the Canadian Bankers Association said in a statement Monday.
Here's the latest on Monday as Canada faces tariffs from United States President Donald Trump
Following a phone conversation Tuesday afternoon, Prime Minister Justin Trudeau announced that U.S. President Donald Trump is pausing threatened 25 per cent tariffs on most Canadian goods. Trudeau says he and Trump discussed Canada's $1.3 billion border plan, which includes helicopter patrols, and announced $200 million in new initiatives to address fentanyl trafficking.
These new initiatives include a joint Canada-U.S. organized crime task force, Canada listing drug cartels as terrorist entities, and the appointment of a "fentanyl czar."
Trump and Trudeau talked tariffs this morning, second call set for this afternoon
Prime Minister Justin Trudeau's office says he spoke with U.S. President Donald Trump this morning and will speak with him again later this afternoon.
The call comes as Canadian leaders respond to Trump's 25 per cent tariffs, which are set to take effect on Tuesday.
Trump has linked his coming trade war with Canada to fentanyl crossing the border into the U.S., but in a post on Truth Social today he raised an entirely new grievance.
Here's the latest on Sunday as Canada prepares for Trump tariffs
Prime Minister Justin Trudeau announced last night Canada will retaliate after U.S. President Donald Trump confirmed 25 per cent tariffs against Canadian goods would go into effect Tuesday.
Trudeau said Saturday that Canada will respond with 25 per cent tariffs against $155 billion worth of American goods, including alcohol, furniture and natural resources.
Here's the latest (all times Eastern -- check back for the latest developments):
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8:27 p.m.
Canada slaps retaliatory tariffs on hundreds of U.S. goods, outlines response plan
Ottawa is imposing 25 per cent tariffs on hundreds of goods originating in the United States — from meat and milk to carpets and curtains — in response to steep new American levies against Canada.
The federal government released a detailed list of the retaliatory tariffs on $30 billion in goods Sunday, less than 24 hours after U.S. President Donald Trump forcibly dragged Canada into an unprecedented trade war.
Trump signed executive orders Saturday evening to hit America's closest neighbour with damaging duties of 10 per cent on energy and 25 per cent on everything else.
What's coming in Canada's response plan to Donald Trump's tariffs
Prime Minister Justin Trudeau has outlined Canada's strategy to retaliate against the United States, as President Donald Trump moves to hit the country with 25 per cent tariffs on Tuesday.
Trudeau said Saturday night that Canada will hit the U.S. with reciprocal 25 per cent tariffs against some $155 billion worth of American goods.
That response comes even as the Trump White House threatens such retaliation would invite escalation.
Trudeau announces 25 per cent targeted retaliatory tariffs
Prime Minister Justin Trudeau says Canada will hit back with steep, immediate retaliatory tariffs on American goods after U.S. President Donald Trump confirmed he is moving ahead with devastating duties on Canada starting Tuesday.
Trump signed an executive order on Saturday to slap Canada with 25 per cent tariffs — with a lower 10 per cent duty for energy — laying the foundation for an unprecedented trade war with America's closest neighbours.