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A series of rapid-fire tariff developments this week left markets on edge due to sharp shifts from Trump and conflicting signals from his top advisers about what the president planned to do.
Ford Motors, GM and Stellantis argued on that call that the new 25% tariffs the president applied on Canada and Mexico earlier this week could disadvantage their American-based businesses in favor ...
Ford told CNN’s Wolf Blitzer on Thursday his province is implementing a 25% tariff on electricity exports to 1.5 million Americans’ homes in Minnesota, Michigan and New York next week.
January 24, 2025 – Canadian economic crisis The Canadian Immigration, Refugees and Citizenship department announces a limit of 437,000 study permits for 2025, a 10% reduction from 2024, as part of efforts to address pressures on housing , healthcare , and other public services caused by the country's rapid population growth .
In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history.
On Tuesday for instance, an unrepentant Trump made a huge deal of imposing blanket 25% tariffs on Canada and Mexico. Yet a day later, he’d exempted the auto industry for one month.
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Canada's Prime Minister Justin Trudeau announced that his country would respond to President Donald Trump's decision to enact a 25% tariff on Canadian exports to the U.S. by implementing a 25% ...