Canada will add new tariffs to a list of steel products, including many US-made items, as Prime Minister Mark Carney seeks to protect an industry badly hurt by the trade war and a flood of cheap Chinese metal.
The Bank of Canada said the country’s anemic productivity growth is a “systemic” problem, doubling down on its message to governments and businesses to urgently address the issue.
A worker observes a crane moving floor panels at a prefabricated housing manufacturing facility in Toronto, Ontario, Canada, on Monday, April 7, 2025. The prefabricated housing industry has long touted itself as a way to ramp up the production of new residences to relieve Canada's housing shortage. Photographer: Cole Burston/Bloomberg