Canada, lumber and Curb Steel
Digest more
PM Mark Carney’s agreement with the province of Alberta is part of a bid to diversify oil exports to markets outside the US.
A new report from TD Economics delves into the questions facing Canada’s economy. Derek Burleton discusses the potential impact of tariffs, immigration and BoC on Canada's economic outlook.
Regtechtimes on MSN
Canada hits emergency mode as U.S. tariffs bite — sweeping steel restrictions to unlock $854M for homegrown mills
The Canadian government is planning new measures to protect its steel industry, which has been under severe pressure due to high tariffs imposed by the United States. These tariffs have made Canadian steel more expensive in international markets,
Professor Scott Galloway laid out how Trump’s “baseline stupid” tariff policies are “waving our middle finger at an amazing ally.”
The White House has declined to say whether the tariff is still planned, but a US official said the administration has held off on raising duties — which could have pushed tariffs on Canadian goods to 45% — choosing instead to use the threat as leverage ahead of future talks,
The stakes are high. Trump’s tariffs are weighing on Canada’s export-driven economy. Canada’s exports fell 7 percent in August relative to the 2024 average, and exports to the U.S. dropped 10 percent. Regions most exposed to the levies are suffering job losses. GM and Stellantis recently announced plans to shift some production to the U.S.
Beginning November 1, all foreign imports of medium and heavy-duty trucks and truck parts into the United States are tariffed at 25%, and buses at 10%. For trucks traded under the Canada-U.S.-Mexico Agreement, the 25% tariff applies to their non-American parts.