canada
The U.S. economy is thriving in spite of tariffs. Will it last?
By just about every indicator, the U.S. economy is holding up remarkably well. When Donald Trump launched his global trade war, economists and markets said his tariff policy would slow the economy, drive up prices and dramatically reduce global trade. And yet, stocks are at all-time highs, the country’s employment is strong, its economy is expanding and the expected surge in inflation hasn’t materialized. Canada’s economy has shown surprising resilience, as well, with consumer spending starting to pick up last month and unemployment declining. Economists told CBC News it’s unclear whether theRead more
Canada pledges $30M in Gaza aid, $10M for Palestinian Authority work toward statehood
While Canada is not joining France in recognizing a Palestinian state, it is funding the Palestinian Authority’s preparations to lead a globally recognized country that includes Gaza and the West Bank. Ottawa is also adding $30 million to its humanitarian funding for desperate Palestinians in the Gaza Strip. “The Palestinian question is at the heart of any hope for long-term stability in the Middle East,” Foreign Affairs Minister Anita Anand told a major United Nations conference on Monday in New York. “A workable Palestinian state needs legitimate, democratic governance thatRead more
Republican senator says Trump’s 51st state rhetoric not ‘constructive’ during Ottawa visit
A U.S. Republican senator says she doesn’t think President Donald Trump’s past comments about making Canada the 51st state are helpful as the two countries are locked in negotiations to reach some sort of trade agreement. Alaska Sen. Lisa Murkowski was in Ottawa as part of a bipartisan delegation meeting with Prime Minister Mark Carney on Monday morning. Speaking to reporters following the meeting, Murkowski was asked about Trump’s taunts about Canada becoming part of the U.S. “I cannot explain President Trump’s rhetoric about the 51st state. That is his statementRead more
Trump announces tariff rates for numerous countries – but not Canada
U.S. President Donald Trump sent letters to governments around the world on Monday informing them of the tariff rates he would impose starting Aug. 1 — though Canada’s July 21 deadline to reach a deal appears to remain. Trump said he would impose a 25 per cent tariff on imports from Japan and South Korea beginning next month, marking a new phase in the trade war he launched earlier this year. The letters sent to 14 countries so far — which included smaller U.S. exporters, like Serbia, Thailand and TunisiaRead more
Tornado fells trees after touching down in central Alberta
A tornado touched down in central Alberta on Wednesday, cutting a path through a treed area, but apparently sparing the area from any more serious damage. Environment and Climate Change Canada issued a tornado warning Wednesday afternoon for an area west of Drayton Valley. Storm chaser Trenten Pentelichuk said he watched the twister touch down near the hamlet of Lodgepole — about 175 kilometres southwest of Edmonton. He’d been in the area all afternoon, waiting to see if the significant storm activity in the forecast would actually create a tornado. “AroundRead more
Canada wants to join Golden Dome missile-defence program, Trump says
Donald Trump says Canada has asked to join the missile-defence program his administration is building, adding a new chapter to a long-running cross-border saga. The U.S. president dropped that news in the Oval Office on Tuesday as he unveiled the initial plans for a three-year, $175 billion US project to build a multi-purpose missile shield he’s calling the Golden Dome. “Canada has called us and they want to be a part of it,” Trump said. “They want to hook in and they want to be a part of it.” Canada willRead more
Trump’s ‘Golden Dome’ raises major questions: Can it be built? Should it be built? What’s Canada’s role?
U.S. President Donald Trump’s proposed “Golden Dome” missile defence system, which Canada has expressed interest in joining, is raising questions about the project’s cost and feasibility as well as concerns about a space-based arms race. Trump’s plan is modelled after the Iron Dome that protects Israel — a land mass smaller than Vancouver Island — and aims to be more robust and hundreds of times bigger. The Iron Dome is mainly built to defend against lower-flying threats like short-range rockets, mortars and shells, while Trump and other top U.S. officials say the proposed Golden Dome wouldRead more
Ontario set to begin construction of Canada’s 1st mini nuclear power plant
Premier Doug Ford’s government has given Ontario Power Generation the green light to start construction on Canada’s first small modular reactor, a new nuclear energy technology to be built next door to the Darlington power plant. The small modular reactor (SMR) would provide 300 megawatts of power, enough electricity to supply about 300,000 homes, according to briefing documents from Ontario’s Ministry of Energy and Mines. It would be the first of four such reactors that OPG aims to build on the site, at a total project cost of $20.9 billion,Read more
How will Carney contend with a minority — and what kind of Parliament do MPs want?
In his first news conference since Monday’s election, Prime Minister Mark Carney did not shy away from some of the rhetoric and ambition that carried him through the campaign. Canada would be embarking, he said, “on the biggest transformation of our economy since the end of the Second World War.” This country’s “old relationship” with the United States was “over.” The government would address the failures of the housing market by “unleashing the power of public-private co-operation at a scale not seen in generations.” “Now is the time for ambition,Read more
Carney warns of ‘tough days ahead’ as tariffs make U.S. recession ‘likely’
Donald Trump’s latest round of tariffs is only a few days old, but the havoc they’re already exerting on the global economy points to upcoming “pressure” on Canada’s employment levels, Liberal Leader Mark Carney is warning. Wednesday’s announcement of new tariffs on imports into the United States from dozens of countries — along with starting the 25 per cent levy on “all foreign-made” vehicles — brought “greater certainty,” Carney said Saturday, about both the U.S. president’s ambitions for tariffs and the repercussions for Canada. “We can expect pressure on employment in this economy,” he said during a campaign stop inRead more