Latest news with #CanadaUS
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Canada's Mark Carney Urges New U.S. Trade Deal
Prime Minister Mark Carney at the Canadian Senate on Tuesday. He says the U.S. and Canada will cooperate "where necessary." (Eric Reid/epa-efe/shutterstock/Shutterstock)
Yahoo
24-05-2025
- Business
- Yahoo
Canada's Macklem Says US Tariffs ‘Biggest Headwind,' NYT Reports
(Bloomberg) -- Bank of Canada Governor Tiff Macklem called President Donald Trump's tariffs the 'biggest headwind' for the country, given the close integration of the two economies, according to the New York Times. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy UAE's AI University Aims to Become Stanford of the Gulf Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NYC's War on Trash Gets a Glam Squad Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt In an interview with the newspaper, Macklem said the 'most important imperative' is for Canada to reach a new trade deal with the US, even as its businesses look to diversify. While the impact of the tariffs isn't showing up yet in economic data, policymakers will be 'carefully' tracking the extent to which they impact consumer prices, Macklem told the New York Times. Trump in March announced a 25% tariff on an array of Canadian goods, prompting its neighbor to impose retaliatory levies on certain US products. To view the source of this information click here How Coach Handbags Became a Gen Z Status Symbol Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center Microsoft's CEO on How AI Will Remake Every Company, Including His AI Is Helping Executives Tackle the Dreaded Post-Vacation Inbox ©2025 Bloomberg L.P. Sign in to access your portfolio
CTV News
22-05-2025
- CTV News
Canadian travel to U.S. continues steep decline, data shows
Vehicles approach the United States border crossing as seen from Saint-Bernard-de-Lacolle, Que., Thursday, April 10, 2025. THE CANADIAN PRESS/Graham Hughes Travel between Canada and the United States continues to steeply drop, new data from Statistics Canada shows. In March this year, Canadian residents made 4.3 million trips returning from abroad, a 14.9 per cent decrease from the same month in 2024, in what the agency calls the third consecutive month of year-to-year declines. Among the steepest drops were returning trips by car over the Canada-U.S. land border, down 31.4 per cent to 1.7 million trips in March. Trips to Canada among U.S. residents also fell, down 6.6 per cent from March 2024. Statistics Canada notes that on a seasonally adjusted basis, which accounts for calendar effects like holidays and the number of weekends in a month, U.S. travel to Canada rose slightly, up 2.8 per cent between February and March. Return trips for Canadian travellers declined even accounting for those quirks, however, down 7.1 per cent overall and down 11.7 per cent among automobile trips to the United States.
Bloomberg
21-05-2025
- Business
- Bloomberg
Carney Says Canada, US Are in ‘High Level' Talks on Golden Dome Defense System
Prime Minister Mark Carney confirmed Canada is considering joining the US in its 'Golden Dome' missile defense project, but declined to put a price tag on it and said the talks are at an early stage. 'It's something that we are looking at and something that has been discussed at a high level,' Carney said, speaking in Ottawa after a two-day planning session with his new cabinet.
Yahoo
21-05-2025
- Business
- Yahoo
Canada to highlight deep US trading relationship in meeting with Bessent
BANFF, Alberta (Reuters) -Canada's finance minister said on Friday he would raise the importance of the country's deep trading relationship with the U.S. in a discussion with U.S. Treasury Secretary Scott Bessent late on Wednesday. Finance Minister François-Philippe Champagne will hold a bilateral meeting with Bessent on the sidelines of the G7 finance heads conference in Banff, Alberta. "There's a lot for Canada and the United States to discuss," Champagne said, referring to his meeting with Bessent. "Canada is the largest customer (of) the United States. We buy more from the U.S. than China, Japan, the UK and France combined. So we have a very, very deep trading relationship," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
