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Quebec's PQ Wins Minority Government, Delaying Separation Referendum Until Post-Trump Era
politics2 days ago

Quebec's PQ Wins Minority Government, Delaying Separation Referendum Until Post-Trump Era

The Parti Québécois (PQ) won a minority government in Quebec with 28% of the vote, the lowest popular support for a governing party in Canadian history. While the PQ promises an independence referendum, it lacks the majority seats needed to trigger it immediately and has pledged to delay any vote until after Donald Trump leaves office in 2028. The result reflects voter fatigue with separatism and a desire to punish the previous government, rather than a direct mandate for separation.

via The Guardian|
#canada-us-trade#mark-carney#parti-quebecois
Dairy borders, oil ties fuel Canada–U.S. trade standoff
world27 days ago

Dairy borders, oil ties fuel Canada–U.S. trade standoff

Canada’s dairy supply-management system shields its farmers with steep tariffs after quotas, while Canada exports heavy Alberta crude to the U.S.—a dynamic that helps explain a bilateral trade deficit and a broader political clash. Under USMCA, Canada was allowed to keep supply management in return for greater access to its dairy market, keeping the two countries economically intertwined. With the U.S. relying on Canadian oil for Midwest refineries and both sides acknowledging mutual stakes, talks are ongoing ahead of key dates to resolve the standoff, even as opponents push for favorable concessions on manufacturing and trade.

via AP News|
#alberta-oil-sands#canada-us-trade#dairy-supply-management
Canada Retaliates with Broad Tariffs in Escalating US Trade Spat
business1 month ago

Canada Retaliates with Broad Tariffs in Escalating US Trade Spat

Canada will impose retaliatory tariffs on about C$27.6 billion of US imports, ranging from 15% to 50% and taking effect at 12:01 a.m. local time, in response to a 50% US tariff on Canadian goods. The measures cover steel, dairy, appliances, farming equipment, pulp and paper, and electronics, with exemptions for goods already in transit. The move underscores a widening trade confrontation tied to cultural protections in Quebec and broader diplomatic tensions between Ottawa and Washington.

via The Guardian|
#automotive#business#canada-us-trade
Carney: US-Canada trade talks can restart once Washington stops public insults
politics-and-government1 month ago

Carney: US-Canada trade talks can restart once Washington stops public insults

Canadian Prime Minister Mark Carney said there remains a mutually beneficial Canada–U.S. trade deal, but negotiations cannot resume while U.S. officials publicly disparage Canada; he called such rhetoric beneath the office. Talks collapsed after tariff disputes and contentious auto-industry terms, with Canada preparing retaliatory duties. Carney emphasized that the U.S. auto sector benefits from Canada and Mexico and warned that a serious, respectful approach could bring talks back to the table.

via finance.yahoo.com|
#auto-industry#canada-us-trade#mark-carney
Canada tests Trump's economic reach as trade talks collapse
world1 month ago

Canada tests Trump's economic reach as trade talks collapse

Private remarks by US Vice-President JD Vance underscored a rift over a new Canada-US trade deal, triggering retaliatory tariffs and signaling that the Trump era may push allies to resist economic pressure even as talks stall; Ottawa hints at diversifying beyond the US, while negotiators seek to reset discussions before midterm elections and a potential escalation in tariffs remains on the horizon.

via BBC|
#canada-us-trade#diplomacy#tariffs
Canada retaliates with up to 50% tariffs on US goods in dollar-for-dollar move
business1 month ago

Canada retaliates with up to 50% tariffs on US goods in dollar-for-dollar move

Canada announced dollar-for-dollar counter-tariffs on the US of up to 50% on about C$28 billion ($20 billion) of American goods, to take effect Sept. 8, in response to US levies on Canadian imports. The list targets items from steel and aluminum to furniture, clothing and appliances, aiming to mirror Canadian exposures; Ottawa will also provide roughly C$7.5 billion in aid to workers and firms affected. The move follows failed trade talks and underscores ongoing tensions that could complicate the broader USMCA relationship and supply chains.

via BBC|
#business#canada-us-trade#retaliatory-tariffs
Canada retaliates with $20B tariff push as trade dispute intensifies
economy-and-policy1 month ago

Canada retaliates with $20B tariff push as trade dispute intensifies

Canada announced dollar-for-dollar counter-tariffs on about $20 billion of U.S. imports, with rates of 15%, 25%, and 50% on around 700 products, effective Sept. 8, in response to President Trump's latest tariffs. Ottawa also unveiled a C$7.5 billion aid package to help affected businesses and workers, including loans of up to C$5 million from the Business Development Bank of Canada and a 36-month repayment deferral. The move heightens tensions ahead of the U.S. midterm elections and targets sectors like wood products and electronics, aiming to pressure the U.S. while shielding Canadian jobs.

via Yahoo Finance|
#canada-us-trade#economic-impact#economy-and-policy
Markets edge up as US-Canada tariff row intensifies ahead of Jackson Hole
markets1 month ago

Markets edge up as US-Canada tariff row intensifies ahead of Jackson Hole

U.S. equities advanced modestly after a day of tariff-driven headlines, with the Dow up about 0.3%, the S&P 500 around 0.2%, and the Nasdaq roughly 0.6%, as Canada retaliated with duties in response to U.S. tariffs. Nvidia earnings and Fed Chair Jerome Warsh’s Jackson Hole speech loom large for market sentiment, while Bitcoin briefly topped $80,000 and oil slipped on tariff headlines. Economic data showed softer new-home sales and consumer confidence, setting a cautious tone ahead of the Fed symposium. DICK’S Sporting Goods fell about 13% after missing expectations and trimming its outlook, and Canada’s TSX rose on financials amid the broader volatility.

via Yahoo! Finance Canada|
#canada-us-trade#jackson-hole#markets
Canada rejects US deal that would undermine French protections amid tariff spat
world1 month ago

Canada rejects US deal that would undermine French protections amid tariff spat

Canada refused a U.S. trade proposal that would weaken Quebec’s French-language protections, with Mark Carney instructing negotiators to walk away as tariffs take effect on about 5% of exports and Ottawa vows retaliation. Quebec’s language laws (Bill 96 and related measures) are framed as central to identity, while Trump hammers Canada as a tariff target, prompting domestic backlash from politicians and business groups.

via The Guardian|
#bill-96#canada-us-trade#french-language
Tariff Clash: US Slaps 50% on $20B Canada Goods, Ottawa Vows Retaliation
business1 month ago

Tariff Clash: US Slaps 50% on $20B Canada Goods, Ottawa Vows Retaliation

After the US imposed 50% tariffs on roughly $20 billion of Canadian imports, Ottawa promised dollar-for-dollar retaliation starting Sept. 8, targeting steel, dairy, agricultural equipment, paper and electronics; the move sent the Canadian dollar lower and raised concerns about slower GDP growth and spillovers if US demand weakens or the USMCA talks stall.

via CNBC|
#business#canada-us-trade#economy
Canada vows dollar-for-dollar tariff retaliation after failed US trade talks
world1 month ago

Canada vows dollar-for-dollar tariff retaliation after failed US trade talks

Canada says it will match the US’s 50% tariffs dollar-for-dollar after negotiations on a new trade deal failed to produce an agreement by the deadline, affecting about $20 billion in Canadian exports. Ottawa says last-minute changes by the US made a deal unfair and uneconomic, while US officials say Canada walked away from a careful balance. The move raises questions about the future of the US-Canada-Mexico framework and could impact North American industry, with domestic support and business voices urging resilience.

via The Guardian|
#canada-us-trade#economic-retaliation#naftausmca