Canadian Prime Minister Mark Carney is on the brink of a trade pact with the US. His next challenge will be convincing his country that swallowing some tariffs is worth the greater economic certainty that a deal would bring.
Canadian companies facing 50% tariffs on exports to the US remained in limbo as President Donald Trump delayed a deadline to finalize a deal until Friday — prolonging uncertainty weighing on Canada’s economy.
The Bank of Canada’s governing council agreed the economy was “adjusting” to shocks, though some questioned whether the recovery was sustainable and others raised concerns about rising inflation expectations.
Canadian retail sales are set to rise in June after months of gasoline-driven gains, while the data point to consumers broadening their purchases beyond fuel.
President Donald Trump’s latest trade threat against Canada carries a stark reminder for businesses weighing expansion in the northern nation — tariff-free access to the US is far from guaranteed.
The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading.
The Bank of Canada won’t provide its interest rate decision on an embargoed basis to media outlets on Wednesday because of a planned protest in support of striking security guards.
Canadians support Mark Carney’s approach to managing the economy, even though he’s presided over the worst first year of growth for a prime minister since at least 1963.
Canadians support Mark Carney’s approach to managing the economy, even though he’s presided over the worst first year of growth for a prime minister since at least 1963.
Canada’s trade surplus widened to its largest in four years as the country’s energy, metals and mineral sectors helped fill global supply gaps left by disruptions in the Strait of Hormuz.
Extruded aluminum profiles and billets at an aluminum facility in Salaberry-de-Valleyfield, Quebec.
The war in Iran caused a spike in Canadian inflation expectations and is leading the country’s oil producers to boost their investment and production plans.
The Burnaby Refinery in Burnaby, British Columbia, Canada, on Tuesday, March 24, 2026. Trans Mountain Corp.’s chief executive expects its main pipeline to be nearly full in April with Asian buyers turning to Canada for crude as they grapple with severe supply disruptions from the Iran War.
The war in Iran caused a spike in Canadian inflation expectations and is leading the country’s oil producers to boost their investment and production plans.
The Burnaby Refinery in Burnaby, British Columbia, Canada, on Tuesday, March 24, 2026. Trans Mountain Corp.’s chief executive expects its main pipeline to be nearly full in April with Asian buyers turning to Canada for crude as they grapple with severe supply disruptions from the Iran War.
The Bank of Canada is being urged to reassert headline inflation as the centerpiece of its policy communications as it prepares to renew its monetary policy framework with the federal government.
The Bank of Canada building in Ottawa, Ontario, Canada, on Wednesday, April 29, 2026. The Bank of Canada held interest rates steady, saying adjustments to borrowing costs would be likely be small if the economy and inflation evolve as expected.
Bank of Canada officials rejected the notion that the country’s economy is in recession as they set borrowing costs earlier this month, though they acknowledged weak growth and labor market slack.
A pedestrian walks past the Bank of Canada building in Ottawa.
Bank of Canada officials rejected the notion that the country’s economy is in recession as they set borrowing costs earlier this month, though they acknowledged weak growth and labor market slack.
A pedestrian walks past the Bank of Canada building in Ottawa.
Anmelden
