Canada, US and trade deal
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Canada’s major pension funds could boost their investments in the US, a top Canadian cabinet minister said, as the country looks to negotiate a trade agreement with the Trump administration.
Politicians and industry leaders have long pushed to remove barriers to interprovincial trade. Trump’s tariffs are giving the effort new momentum.
Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.
Also today: Uber tests new safety feature for women in the US, and how climate change is raising your grocery bill.
“Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Canadian Finance Minister François-Philippe Champagne said in a statement Sunday night.
With Canada facing a looming US deadline, can the economy handle another potential trade shock? TD Deputy Chief Economist Derek Burleton shares his views.
Firearms smuggled in from the United States are flooding Canada’s streets, but the topic is largely absent from border security discussions amid the U.S. trade war.
Canada's main stock index edged higher on Friday, led by technology shares, even as U.S. President Donald Trump suggested the United States may not reach a negotiated trade deal with Canada.