Canada

Tariff Crisis: Trump Redefines Global Trade

The Trump administration has disrupted the global economy with a series of dramatic announcements and last-minute negotiations, imposing new tariffs on key trading partners – Canada, Mexico and China. While Canada and Mexico secured temporary reprieves through emergency agreements, China remains entrenched in a fierce tariff standoff. Amid ...

US stocks open sharply lower on Trump tariffs

Wall Street stocks opened sharply lower Monday, joining most international equity bourses in falling after US President Donald Trump launched trade wars against Canada, Mexico and China. The tariffs, if maintained, are expected to prolong or worsen inflationary pressures, hitting growth. About 25 minutes into trading, the Dow Jones industrial ...

Canada's Ontario Bans US Firms from Govt Contracts, Dumps Starlink Deal

Ontario, Canada's most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk's Starlink in a pushback to US tariffs. "Ontario won't do business with people hellbent on destroying our economy," Ontario Premier Doug ...

Trump Announces New Tariffs on Canada, Mexico and China

President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation. Canadian and Mexican exports to the United States will face a 25 percent tariff starting Tuesday, although energy resources from ...

Canada PM Trudeau's Party to Name New Leader on March 9

Canadian Prime Minister Justin Trudeau's party has set March 9 as the date his successor will be chosen, after the outgoing leader bowed to mounting pressure to resign before national elections. The Liberal Party, in a statement released late Thursday night, said a nationwide leadership vote "will conclude on March 9, 2025, at which ...

The Lebanese Diaspora in Canada Spells Out Its Vision for the Aspired President

The Lebanese-Canadian Coordinating Committee (CCLC) has presented its “vision for the Lebanese president,” as a session to elect a new head of state is scheduled for Thursday. “We need a president who puts the well-being of the nation above his personal interests (...) who unites all Lebanese (...) who ensures respect for the Taif Agreement ...

Freewheeling Trump Sets Out US Territorial Ambitions

Donald Trump threatened military action to secure the Panama Canal and economic force against neighboring Canada, in a meandering press conference Tuesday a day after Congress certified his election victory. The Republican president-elect had gathered reporters at his home in southern Florida to announce a $20 billion Emirati investment in US ...

Trump Jokes Canada Becoming 51st US State ‘A Great Idea'

US President-elect Donald Trump said Wednesday it would be "a great idea" for Canada to become the 51st US state, teasing on social media that "many Canadians" welcome the idea, as Ottawa is wracked by a political crisis. "Many Canadians want Canada to become the 51st State," Trump posted on Truth Social. "They would save massively on taxes and ...

Record Tariffs: Trump Targets China, Canada, and Mexico

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods ...

Canada Foils Iranian Plot to Assassinate Former Minister

Canadian authorities recently foiled an alleged Iranian plot to assassinate Irwin Cotler, a former justice minister who has been a strong critic of Tehran, Cotler's organization said Monday. The 84-year-old was justice minister and attorney general from 2003 to 2006. He retired from politics in 2015 but has remained active with many associations ...