MONTEBELLO, Que. — Finance Minister Dominic LeBlanc says Donald Trump's suggestion that he will impose sweeping tariffs on Canada on Feb. 1 is 'nothing new,' and insists Canada has plans ready for several possible scenarios.
MONTEBELLO, Que. — Finance Minister Dominic LeBlanc says Donald Trump's suggestion that he will impose sweeping tariffs on Canada on Feb. 1 is"nothing new," and insists Canada has plans ready for several possible scenarios.
Joly said the government's plan is to keep working to prevent tariffs from happening, to prepare possible retaliatory actions and to create a long-term response. Joly, who was in Washington last week, touted the relationship-building work she and her colleagues have been doing south of the border in an attempt to prevent the tariffs.
"This was news today. It is important news, and at the same time we will be working on preventing tariffs and preparing a response," Joly said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Sets Feb. 1 Deadline for 25% Tariffs on CanadaU.S. President Donald Trump has threatened to impose a 25% tariff on all Canadian goods starting February 1st, citing concerns about immigration and unfair trade practices. This move has sparked a wave of concern in Canada, with officials vowing to retaliate if Trump follows through with his threat.
Read more »
Canada Prepares for Trump Tariffs as Trump Returns to White HousePrime Minister Justin Trudeau and Canadian cabinet ministers are bracing for the potential imposition of 25% tariffs on Canadian goods by newly inaugurated President Donald Trump. Canada has prepared retaliatory tariffs in response, and officials are urging the US to reconsider.
Read more »
Trudeau Rejects Trump's Idea of Canada Joining USPrime Minister Justin Trudeau strongly refuted U.S. President-elect Donald Trump's suggestion that Canada should become a U.S. state. Trudeau stated that there's 'no chance' of Canada joining the U.S., marking his most assertive response to Trump's repeated claims. Trump, during a press conference, reiterated his stance on making Canada a U.S. state and stated that the U.S. doesn't need anything Canada trades with, despite Canada being the U.S.'s biggest trading partner.
Read more »
Canada's New Finance Minister Approves Unconventional Bank MergerFinance Minister LeBlanc approves the merger of National Bank of Canada and Canadian Western Bank, a unique combination of two regional banks aiming to serve overlooked markets.
Read more »
Canada's Biggest Banks Mull Exit From Climate Finance AllianceThe Net-Zero Banking Alliance, a climate-finance initiative, has seen a wave of departures from major US banks. Amidst Republican criticism of 'woke capitalism' and concerns over the alliance's impact, Canada's Royal Bank of Canada and Bank of Montreal are reportedly reconsidering their membership. Both banks assert their commitment to net-zero emissions and climate action, although they question the effectiveness of the alliance as a policy framework.
Read more »
Freeland Enters Liberal Leadership Race, Vows to 'Fight for Canadians'Chrystia Freeland, former deputy prime minister and finance minister of Canada, has announced her candidacy for the leadership of the Liberal Party of Canada. Freeland, known for her tough negotiating skills, highlights her experience in securing the Canada-United States-Mexico Agreement (CUSMA) during the Trump administration. She positions herself as a strong defender of Canada against threats from former President Trump and current Conservative Leader Pierre Poilievre.
Read more »