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Economy, Law & Politics

Trump's tariffs will fundamentally change global trading system: Carney

Trump's tariffs will fundamentally change global trading system: Carney

WASHINGTON — Prime Minister Mark Carney said Donald Trump's tariff regime will "fundamentally change the global trading system" after the U.S. president exempted Canada from his so-called "liberation day" tariff list unveiled on Wednesday.
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Double blow as S&P and Moody's downgrade B.C.'s credit rating again, citing deficit

Double blow as S&P and Moody's downgrade B.C.'s credit rating again, citing deficit

VICTORIA — Credit rating agencies S&P and Moody's have both downgraded British Columbia's rating on the same day, citing the province's ballooning deficit and the apparent lack of a plan to dig the province out of its fiscal hole.
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Ejected Conservative candidate in B.C. defended Chinese government

Ejected Conservative candidate in B.C. defended Chinese government

It's not clear if the 2021 comments led to Lourence Singh's ouster as Conservative candidate for a Metro Vancouver riding spanning three B.C. municipalities.
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Opinion: B.C.’s fiscal deterioration is accelerating, and a trade war won’t help

Opinion: B.C.’s fiscal deterioration is accelerating, and a trade war won’t help

The rapid deterioration in B.C.’s finances since 2021 has drawn rising concern not only from taxpayers but from global credit rating agencies. Ratings agencies are yet to give their verdict on the 2025 Budget, but the news might not be good.
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Fire chief tells city council Vancouver at ‘low risk’ for wildfires

Fire chief tells city council Vancouver at ‘low risk’ for wildfires

Karen Fry on Stanley Park: “Under extreme fire conditions, a wind-driven fire has the potential to impact 25 per cent of the park within 12 hours.”
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Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

WASHINGTON (AP) — President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S.
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'Liberation Day': A timeline of Donald Trump's trade war with Canada

'Liberation Day': A timeline of Donald Trump's trade war with Canada

For over a year before the November 2024 presidential election, Donald Trump had been signalling plans to impose across-the-board tariffs if he won the United States presidency. Trump was elected on Nov.
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Kirk LaPointe: Trump's shot off the bow more like a shot in the foot for trade

Kirk LaPointe: Trump's shot off the bow more like a shot in the foot for trade

U.S. tariffs put Canada in an economic bind, while Poilievre struggles to find his footing
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S&P/TSX composite, U.S. stocks close higher ahead of Trump tariff announcement

S&P/TSX composite, U.S. stocks close higher ahead of Trump tariff announcement

TORONTO — Stock markets in Canada and the United States rose Wednesday ahead of a tariff announcement from U.S. President Donald Trump, with anxious investors uncertain what would happen after the closing bell.
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Companies preparing for tariff turbulence as U.S. set to announce latest round

Companies preparing for tariff turbulence as U.S. set to announce latest round

TORONTO — Impending U.S. tariffs have pushed Canadian companies to stockpile goods, cut back staff, put projects on hold and whatever else they think will help them survive the economic turmoil ahead. U.S.
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