Countertariffs and Severed Ties: How Nations Are Responding To Trump’s Tariffs
The escalating series of trade tariffs by President Donald Trump has drawn swift and forceful responses from governments worldwide. In Canada, Prime Minister Mark Carney declared that the “era of integration with the US economy is over.” Canadian officials confirmed plans to match U.S. tariffs on passenger vehicles and institute a 25% tariff on automobiles […]
Trump Offers China Tariff Relief in Exchange for TikTok Deal Approval
President Donald Trump said on Thursday he would consider offering tariff relief to China in exchange for Beijing’s approval of a TikTok sale, as negotiations intensify ahead of an April 5 deadline that could see the popular app banned in the United States. “You have a situation with TikTok where China will probably say, ‘We’ll […]
Is Mexico Charting A New Trade Path Beyond US Borders?
Mexico’s government has reportedly taken a significant step in reshaping its global trade strategy, moving decisively beyond its historical reliance on the US and exploring new partnerships abroad. President Claudia Sheinbaum allegedly announced that her administration intends to sign a new trade agreement with the EU and is looking to “further diversify our trade to […]
BC Credit Rating Slashed by S&P and Moody’s Over Ballooning Deficit
British Columbia’s credit rating has been cut by two major agencies, with S&P Global Ratings lowering the province’s long-term issuer rating to A+ from AA- and Moody’s Ratings downgrading its baseline assessment to aa2 from aa1. Both agencies cited the province’s deteriorating fiscal position and expanding deficit as key factors behind their decisions. This marks […]
GOP Senators Break Ranks to Challenge Trump’s Canada Tariffs
The Senate voted 51-48 on Wednesday to curtail President Donald Trump’s authority to impose tariffs on Canadian imports. Four Republican lawmakers — Senators Mitch McConnell, Rand Paul, Susan Collins, and Lisa Murkowski — crossed party lines to support the Democrat-led resolution. The measure targets Trump’s emergency declaration on fentanyl trafficking, which he used to justify […]
‘We Are In Shock’: Israel Hit with 17% US Tariff Despite Last-Minute Duty Elimination
Israel will face a 17% tariff on its exports to the United States as part of President Donald Trump’s sweeping global tariff plan, despite having eliminated all remaining duties on US imports just a day earlier in an attempt to avoid the penalty. Israeli officials, who expected some action but were surprised by the magnitude […]
Canada Sees Unemployment Rise In March As Job Losses Mount
The Canadian labor market showed troubling signs in March, with employment falling by 33,000, the first decline since early 2022. The employment rate dropped to 60.9%, while the unemployment rate edged up to 6.7%, marking a reversal of the gains seen in late 2024 and early 2025. These figures suggest that economic momentum is faltering, […]
OPEC+ Accelerates Oil Output Increase to 411,000 BPD for May
OPEC+ countries unexpectedly voted on April 3 to speed up their oil production plan, boosting output by 411,000 barrels per day (bpd) in May, a big change from their initial 135,000 bpd increase proposal. The group cited “continuing healthy market fundamentals and the positive market outlook” as reasons for the accelerated production increase. However, the […]
Rogers Sells Minority Interest In Wireless Network To Blackstone Funds For $7 Billion
Rogers Communications (TSX: RCI.b) has sold off a minority stake in its wireless division in exchange for a $7.0 billion equity investment. The transaction has seen the major Canadian telecom operator sell the interest to a number of funds in a transaction led by Blackstone. Participants, which include CPP Investments, PSP Investments, British Columbia Investment […]
Alamos Gold Sells Off Quartz Mountain Gold Project For $21 Million, Equity Interest
Alamos Gold (TSX: AGI) has agreed to sell off one of its non-core assets to Q-Gold Resources (TSXV: QGR) as the company looks to monetize certain of its assets. The transaction will see Q-Gold acquire the Quartz Mountain Gold project in Oregon. Consideration for the project is said to consist of $21 million in cash […]