Page 2 - Canada

Bank of Canada Guv says Trump's tariffs threat already having an impact

Bank of Canada said last month the threat of tariffs was making economic projections difficult, but cautioned that a 25 per cent tariff could cause major economic damage

Canada to host summit on boosting economy after Trump tariff threat

Trudeau said the one-day meeting would group leaders in trade, business, public policy, and organized labor to build what he called a long-term prosperity agenda

Driven by US stockpiling, Canada posts first trade surplus in 10 months

The December trade surplus was at C$708 million ($496 million), compared with a revised deficit of C$986 million the prior month, helped by an 4.9 per cent growth in exports

Beware! Canada can cancel a valid visitor visa: What you need to know

Canada no longer automatically grants 10-year multiple-entry visitor visas

Tariff war: Trump pauses tariffs on Mexico and Canada: Here’s why

Live in Canada? How you can pay India bills directly with Canadian dollars

Beacon's India Bill Pay is a pioneering cross-border bill payment solution for immigrants, providing a seamless way for Indians to pay bills across borders.

President Trump's Canada, Mexico border deals avert trade war for now

Trump and Canadian Prime Minister Justin Trudeau announced their agreement Monday in separate social media posts, just hours before the two countries were due to begin placing tariff

Oil prices rise as Trump's tariffs on Mexico, Canada, China stoke fears

Gasoline pump prices in the US are certainly expected to rise with the loss of crude for refineries and the loss of imported products, said Mukesh Sahdev at Rystad Energy

Canada's answer to Trump's tariffs: Less US booze on store shelves

Canada has struck back at Trump's tariffs with a 25% levy on US goods, targeting US alcohol. Provinces like Ontario and British Columbia have banned US booze, escalating the trade war

Trump's 'tariff thrashing' stimulates crisis response from Canada

Government leaders in Canada also announced more retaliatory measures against the US, and several provinces, including Ontario and Quebec, will remove US products from liquor stores they control

India Inc looks to navigate US President Donald Trump tariff storm

Some sectors hoping to cash in on the likely void created by Canada, Mexico, China

Did not want this, but Canada is ready: Trudeau announces counter tariffs

Trudeau urged people of his country to purchase local products and consider spending vacations in the country, according to the Canada-based media channel, Cable Public Affairs Channel (CPAC)

Trump's tariffs on Mexico, Canada loom; these goods are in the crosshairs

President Donald Trump said this week that tariffs on US neighbours Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well. The business between the North American nations now exceeds China, totalling USD 1.8 trillion in 2023. That is far greater than the USD 643 billion in commerce that the US did with China in that same year. Following are just a few imported goods that could be hit first. A grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. In 2023, the United States imported USD 69 billion worth of cars and light trucks from Mexico more than any other country -- and USD 37 billion from Canada. Another USD 78 billion in auto parts came from Mexico and USD 20 billion from ...

Mexico, Canada race to prevent Trump's 25% tariffs before deadline

With the clock ticking, officials were busy making their cases that they've done enough to control the border and limit fentanyl traffic to persuade the US president to stand down

From avocados to autos, US tariffs on Canada, Mexico could drive inflation

The 25 per cent tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip. The tariffs would also invite retaliation. Doug Ford, the premier of Ontario, has already vowed to counterpunch by pulling American alcohol off store shelves in the Canadian province no idle threat; Canada is the world's No. 2 market for America's distilled spirits (behind the 27-nation European Union). Trump's tariffs threaten to blow up the trade agreement he himself negotiated with America's neighbours in his first term. His US-Mexico-Canada Agreement the fairest, most balanced, and beneficial trade agreement we have ever signed into law", Trump once declared -- was supposed to bring predictability to North American trade, giving businesses the confidence to make investments. But when it comes to the self-proclaimed Tariff Man", Trump and his passion for ...

Donald Trump barrels toward tariff showdown with Canada, Mexico, and China

Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April

Canadian report finds 'no definitive link' between Nijjar killing and India

A Canada commission report has said that "no definitive link" with a "foreign state" in the killing of Canadian Sikh activist Hardeep Singh Nijjar was "proven", smashing Canadian Prime Minister Justin Trudeau's allegations that accused the involvement of Indian agents in the killing. In September 2023, Trudeau said Canada had credible evidence that agents of the Indian government were involved in the murder of Nijjar in British Columbia in June 2023. The report titled "Public Inquiry Into Foreign Interference in Federal Electoral Processes and Democratic Institutions' was released on Tuesday. In the report commissioner Marie-Josee Hogue said "Disinformation is used as a retaliatory tactic to punish decisions that run contrary to a state's interests." The report has suggested India spread disinformation on the killing of Nijjar. "This may have been the case with a disinformation campaign that followed the Prime Minister's announcement regarding suspected Indian involvement in the .

Canada inquiry finds no 'traitors' in Parl, warns against disinformation

A public inquiry on foreign interference in Canada concluded Tuesday that while some foreign entities tried to interfere in the country's elections, its democratic institutions remain "robust, but warned against the danger of misinformation. The final report of the Public Inquiry into Foreign Interference found no evidence of traitors in the country's parliament, but Commissioner Marie-Jose Hogue warned that one of the biggest threats to democracy was foreign actors sowing disinformation in both the traditional media and social media. Distinguishing what is false is becoming increasingly difficult and the consequences are extraordinarily harmful, Hogue told a news conference in Ottawa where she did not take questions. The Canadian government established the public inquiry in September 2023 to investigate whether China, Russia and other countries interfered in Canadian federal elections in 2019 and 2021 that re-elected Prime Minister Justin Trudeau's Liberals. The final report ...

MEA rejects Canadian Commission's insinuations on interference in elections

India on Tuesday night strongly rejected "insinuations" made against it in a report by a Canadian commission that investigated allegations that certain foreign governments were meddling into Canada's elections. In a strong reaction, the Ministry of External Affairs (MEA) said it rejects the report's "insinuations" on India. It is in fact Canada which has been "consistently interfering" in India's internal affairs, it said. "We have seen a report about alleged activities on purported interference. It is in fact Canada which has been consistently interfering in India's internal affairs," the MEA said. "This has also created an environment for illegal migration and organised criminal activities," it said in a statement. "We reject the report's insinuations on India and expect that the support system enabling illegal migration will not be further countenanced," it added. The government of India was suspected of using proxy agents to provide "clandestine financial support" to candidat

Canada's Freeland hopeful, lays out plan to fight Trump's tariff threats

Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, said Monday Canada needs to release a retaliation list of goods the country would target if US President Donald Trump makes good on his threat to slap 25 per cent tariffs on Canadian goods. A list of products worth 200 billion Canadian dollars (USD 139 billion) would send a message to US exporters about the harm tariffs would cause them, Freeland said in a statement. Being smart means retaliating where it hurts, she said. Our counterpunch must be dollar-for-dollar and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more." Now is the moment when Canada must make clear to Americans the specific costs that will accompany any tariff measures by the Trump administration. Trump has said he will use economic coercion to pressure Canada to become the nation's 51st state. He continues to