Trump sent a letter to Prime Minister Mark Carney threatening to impose 35 per cent tariffs if Canada doesn’t make a trade deal by the deadline. The White House has said those duties would not apply to goods compliant with the Canada-U.S.-Mexico Agreement on trade.

Canada’s retaliatory tariffs on US goods are partially offsetting weaker revenue from corporate and sales taxes as federal government expenditures continue to rise.

Both central banks will deliver rate decisions on Wednesday, two days before the Aug. 1 deadline that Trump set to strike a trade deal with Ottawa

Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.

The 15% tariff would be lower than previously threatened but remains a high duty on America’s largest trading partner.

This deal shows how serious President Trump is about renegotiating America's trading relationship with the rest of the world.

Our automotive industries are deeply connected; our workers share the same struggles. Yet today, that relationship is under threat from a wave of U.S. tariffs that are hurting Canadian workers. Indeed, the tariffs hurt American workers too, including U.S. auto workers.

President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.

Trump, 79, notified Canadian Prime Minister Mark Carney of the incoming tariffs in a letter – one of dozens the president has fired off to foreign leaders this week ahead of an Aug. 1 deadline for

The South China Morning Post reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides.