Trump’s 25% tariffs on steel and aluminum took effect overnight, dealing another blow to a neighborly alliance and escalating a trade war.

Canada's incoming Prime Minister Mark Carney said Wednesday he's ready to meet with U.S. President Donald Trump if he respects Canadian sovereignty and is open to talk about a common approach to trade.

The U.S. and Canada are locked in a trade conflict that is unsettling financial markets and raising the specter of a North American recession. Trump sees tariffs a

The Bank of Canada has cut its benchmark interest rate by 0.25 percentage points to 2.75 per cent, the lowest since July 2022. It is the seventh consecutive cut in the central bank’s monetary easing cycle as Canada’s inflation rate has been within policymakers’ target range of about 2 per cent.

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.