Canada’s two largest banks suggest that interest rates could be reduced more quickly amid the trade war with the United States. The Royal Bank of Canada and the Bank of Montreal note that the economic impact of this trade conflict could compel the Bank of Canada to continue cutting rates. Douglas Porter, chief economist at the Bank of Montreal, stated that the central bank is expected to reduce rates by 25 basis points at each of its next four meetings through July, potentially lowering the key interest rate to 2 percent. Prior to the trade war, the banks had anticipated only two rate cuts,

Canada has approached the World Trade Organization regarding tariffs imposed by the Trump administration. Nadia Theodore, Canada’s ambassador to the WTO, provided this information on Wednesday. She stated that Canada has requested negotiations with the United States on tariffs through the WTO, noting that the U.S. decision leaves Canada no alternative but to act in order to protect its interests. A WTO spokesperson confirmed that Canada has submitted its request for negotiations. This marks the first stage in resolving the dispute between the two countries. If the issue is not resolved with

The United States has reportedly stopped sharing intelligence with Ukraine that could be used to launch attacks inside Russia. However, reports indicate that intelligence-sharing with Ukraine has not been entirely halted. Instead, it has become selective, focusing on intelligence that could aid Ukraine in targeting Russian forces within Russian-occupied Ukrainian territories. This development follows reports of US President Donald Trump deciding to withhold military aid to Ukraine after a recent dispute with Ukrainian President Volodymyr Zelensky at the White House.

Alberta Premier Danielle Smith is scheduled to speak today about her province's response to U.S. tariffs. U.S. President Donald Trump on Tuesday slapped sweeping 25 per cent tariffs on Canadian exports and a 10 per cent levy on energy products. Smith has been tight-lipped for weeks about what measures her government might take, although she has repeatedly said counter-tariffs on the province's energy are off the table. The premier is also set to give an update on Alberta's security efforts at the Canada-U.S. border, a long-standing irritant for Trump. Other provinces have announc

Greenland's prime minister said Wednesday that “Greenland is ours” and cannot be taken or bought in defiance of a message from U.S. President Donald Trump, who said his administration supported the Arctic island’s right of self-determination but added that the United States will acquire the territory “one way or another. Greenlandic Prime Minister Múte Bourup Egede said the island’s citizens are not American nor Danish because they are Greenlandic. The United States needs to understand that, he wrote in a post in Greenlandic and Danish on Facebook Wednesday. The future of Greenlan

NDP Leader Jagmeet Singh has called for an emergency session of Parliament. He stated that a package should be passed to support workers in response to U.S. tariffs and that job opportunities should be created under the "Build Canadian Buy Canadian" plan. Additionally, he made a third demand for Parliament to rise above partisanship and show unity in opposing Trump's tariffs. Singh also emphasized that there is no other way to deal with someone like Donald Trump, and that Canada must fight to win. He described Trump as a bully and argued that strict retaliatory action is necessary.

Prime Minister Justin Trudeau has stated that his last official day as prime minister has not yet been determined. His remarks come as the Liberal Party is set to announce its new leader on Sunday. At a press conference revealing retaliatory measures against U.S. tariffs, Trudeau explained that the timeline for his departure will depend on discussions between himself and the new party leader. He emphasized that the transition should happen quickly but acknowledged the complexities involved, particularly in challenging times. It is worth noting that Trudeau had announced his resignation on Jan

Ontario Premier Doug Ford has announced the cancellation of a $100 million deal with Elon Musk’s Starlink and imposed a 25 percent tariff on the electricity Ontario supplies to 1.5 million homes in New York, Michigan, and Minnesota. Ford also warned that if President Trump moves forward with additional tariffs on April 2, he will order the province’s energy producer to completely halt energy supplies. Additionally, Premier Ford has instructed the Liquor Control Board of Ontario (LCBO) to remove American liquor from its shelves, which previously generated about $1 billion in annual sales.

Canada's main opposition leader, Pierre Poilievre, has called on the government to target U.S. goods that Canada can produce or purchase from other sources in response to tariffs. He suggested that the revenue from retaliatory tariffs should be used to reduce taxes. Poilievre outlined a seven-point plan to counter President Trump's tariffs. At the same time, Poilievre questioned whether the Liberals effectively handled the fentanyl crisis and whether Trump's tariff actions can be justified. He concluded that the answer to both questions is no.