Home Sales in Canada Decline as Trade War With the US Escalates
Momentum in Canada’s housing market stalled in August as trade talks with the US broke down and the countries levied new tariffs on each other’s goods.
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Momentum in Canada’s housing market stalled in August as trade talks with the US broke down and the countries levied new tariffs on each other’s goods.
The announcement comes several months after the US decreased the tariff by 5 percent.
Canada’s buy-local movement remains strong, but new tariffs could test how much more shoppers are willing to pay.
Conservative Party of Canada Leader Pierre Poilievre discusses the state of trade and tariffs with the United States. He says Canada’s oil and mineral resources can help alleviate US inflation pressures, but the Trump administration needs to back off its tariff policies against its northern neighbor. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
The US is banning dairy products, most alcoholic drinks and motorcycles from Canada, the White House said on Tuesday, as the trade war between the two neighbours and long-time allies escalates. The ban will take effect in three weeks and comes after Canada imposed retaliatory tariffs on US$20 billion in US imports earlier on Tuesday. A range of Canadian products from mattresses to motorboats and golf carts will be subject to a 50 per cent surcharge beginning September 15, a presidential...
François Picard is pleased to welcome Jean Simard, President and CEO of the Aluminum Association of Canada. According to Simard, the US-Canada aluminum dispute is not your conventional disagreement over trade, but rather a 'Trump posture that makes no sense". As American industrial demand substantially exceeds domestic production capacity, tariffs will do nothing to reduce Canadian aluminum from the US market. Protectionism does not eliminate interdependence, explains Simard, it makes that interdependence considerably more expensive.
America’s top retailers and manufacturers are getting long-awaited relief from President Donald Trump’s sweeping global tariffs. But for some of the hardest hit companies, the share price benefits pale in comparison with the massive losses they suffered on Liberation Day.
A Mega-Sena sorteia nesta terça-feira (8) prêmio estimado em R$ 70 milhões. As seis dezenas do concurso 3.055 serão sorteadas a partir das 21h (horário de Brasília) no Espaço da Sorte, em São Paulo. As apostas podem ser feitas até às 20h (horário de Brasília) em casas lotéricas credenciadas pela Caixa em todo o país ou pela internet, no site ou aplicativo da Caixa. A aposta simples, com seis dezenas, custa R$ 6. Notícias relacionadas:Mega-Sena acumula e próximo sorteio terá prêmio de R$ 70 milhões.No último concurso, foram sorteados os números 08 - 17 - 24 - 43 - 47 - 58 e nenhum apostador acertou as seis dezenas.
Canada's retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up. On Monday, Trump had threatened to block sales of Canada's Bombardier Aviation in the United States, unless the Quebec-based plane maker moves manufacturing to the US.
Copper prices have surged to an all-time high on the London Metal Exchange (LME) amid anticipations of potential US tariffs and a tightening supply crunch, with analysts expecting prices to remain elevated in the short term. Benchmark three-month copper futures closed at US$14,510 a tonne on Monday, after rising to a record high of US$14,533 a tonne earlier in the session, surpassing the previous record set in January. The rally came with the market widely expecting the United States to expand...
US equity futures waver and global stocks slide as brent crude inches closer to $100 a barrel, adding to inflation concerns. Saudi Arabia halts some energy operations after attacks. Canada's retaliatory levies of up to 50% on US goods take effect. ASML wins TSMC and Samsung's commitment to use its latest chip production gear. Marija Veitmane of State Street joins "Bloomberg Brief" to discuss market risks ahead of the CPI report later in the week. (Source: Bloomberg)
Canada's retaliatory tariffs of up to 50 percent on approximately $19.8 billion worth of US goods came into effect this Tuesday, further escalating the trade war between the two neighbours. At the same time, US President Donald Trump is threatening to ban sales of all Bombardier aircraft in the US, in spite of the Canadian company's deep web of US suppliers. Also in this edition: Iran raises the price of gasoline and French startup Mistral AI is now valued at €21 billion.
Canada has imposed tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa's negotiating position with its biggest trading partner. Carney's government increased the import tax on many US steel items to 50% from 25%, and applied tariffs to a range of consumer goods including motorcycles, cosmetics and cheese. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot business with Canada and host heated races in November's midterm elections. Our Trade Tsar Brendan Murray joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss. (Source: Bloomberg)
Brazilian and Mexican steel shares diverged Friday as tariff shields held. CSN slipped 3.17% after a three-day rally; Gerdau rose and Ternium steadied. The post Latin America Steel: CSN Drops, Gerdau Rises Friday appeared first on The Rio Times.
Canada's counter-tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the two countries heated up. Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.
Sapporo Breweries is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, Chief Strategy Officer Rieko Shofu said. She spoke exclusively with Bloomberg's Shery Ahn on being impacted by tariffs, as well as the Iran war. (Source: Bloomberg)
Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent from 25 per cent and apply tariffs to a range of consumer items – motorcycles, cosmetics, cheese and...
Copper surged to its highest-ever price on the London Metal Exchange after a weeks-long rally fueled by anticipation that President Donald Trump will expand US tariffs to imports of refined metal.
US tariffs on Lesotho lapsed in July 2026 and AGOA now runs to 31 December 2028, but the buyers who cancelled orders in 2025 have not returned. The post Lesotho’s Garment Industry Wins a Reprieve as AGOA Runs to 2028 appeared first on The Rio Times.
On Bloomberg This Weekend, Michigan Representative Haley Stevens (D) says escalating US tariffs on Canadian goods are raising costs and creating uncertainty for manufacturers in her district, with the deeply integrated auto supply chain particularly exposed. Stevens tells hosts Christina Ruffini and Jeff Mason that she is promoting legislation that would provide households with as much as $1,700 to offset tariff-related costs, while criticizing the Trump administration’s approach to trade with Canada. (Source: Bloomberg)
Canada is set to impose new retaliatory tariffs of as much as 50% on US goods starting Sept. 8, targeting $27.6 billion of imports including steel, aluminum, pulp and paper, appliances and agricultural equipment. Bloomberg News Ottawa Bureau Chief Brian Platt tells Christina Ruffini and Jeff Mason on Bloomberg This Weekend that the broader economic impact may be limited, but businesses tied to integrated supply chains, tourism and cross-border commerce could face sharper consequences as the cycle of retaliation continues. (Source: Bloomberg)
Japan and the United States have confirmed they will advance cooperation on investing in strategic sectors and honour the other terms of a trade deal they reached last year, even though President Donald Trump’s tariff policies have changed significantly over time. “We reaffirmed that last year’s agreement remains unchanged,” Japan’s Trade and Industry Minister Ryosei Akazawa told reporters in Washington on Friday, after meeting Commerce Secretary Howard Lutnick and US Trade Representative...
Aptera co-CEO Steve Fambro joins Bloomberg Open Interest to explain why the solar EV startup is betting on China to lower costs and accelerate production, despite tariffs and policy uncertainty. He lays out Aptera’s self-charging promise, its planned California-first rollout, and why he believes a globally sourced model can succeed where other EV startups have struggled. (Source: Bloomberg)
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.
Copper has been on a record-breaking tear in the past year, driven largely by tariff-related trade flows. Bullish investors are betting that flatlining mine supply will drive prices even higher.