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Transport Minister Chrystia Freeland told MPs Friday she is “dismayed” by a $1 billion federal loan for BC Ferries’ purchase of four new electric-diesel ships from a Chinese shipbuilder – but did not call for the contract’s cancellation. The House of Commons transport committee launched a study of the Canada Infrastructure Bank loan today.BC Ferries announced in June that it had hired China Merchants Industry Weihai Shipyards to build the new ships after a five-year procurement process that did not include a Canadian bid. 1:24 ‘We shouldn’t be giving federal tax dollars to subsidize jobs overseas:’ Poilievre calls for loan to BC Ferries to be cancelled ...

Now is not the time to “roll over,” Ontario Premier Doug Ford is telling Prime Minister Mark Carney as Canada prepares to deal with U.S. President Donald Trump’s latest trade war escalation. And he’s not the only one, even as others are split on whether to retaliate.“Canada shouldn’t settle for anything less than the right deal. Now is not the time to roll over. We need to stand our ground,” Ford said in a statement released on social media on Thursday, just hours after Trump increased the tariffs on Canadian goods from 25 per cent to 35 per cent.Ford called for further retaliation.“The federal government needs to hit back with a 50 per cent tariff on U.S. steel and aluminum,” he said. Story continues below advertisement “Canada has what the United States need...

Prime Minister Mark Carney says he is “disappointed” by U.S. President Donald Trump’s imposition of a 35 per cent tariff on Canada but that even with that move, Canada still faces among the lowest average tariff rates of U.S. trading partners because of CUSMA.“While the Canadian government is disappointed by this action, we remain committed to CUSMA, which is the world’s second-largest free trade agreement by trading volume,” Carney wrote in a letter posted on X early Friday.“The U.S. application of CUSMA means that the U.S. average tariff rate on Canadian goods remains one of its lowest for all of its trading partners.”Carney cautioned that other sectors remain heavily impacted due to industry-specific tariffs, including on lumber, steel, aluminum and automobiles. Story continues ...

U.S. President Donald Trump signed an executive order Thursday that will raise his tariffs on Canada to 35 per cent starting midnight Friday, a deadline he set for a new trade deal that has failed to materialize. Trump also signed an executive order that will have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days. The order keeps his “reciprocal” 10 per cent baseline tariff rate in place with higher rates for other countries that have yet to sign a new trade deal with the U.S.The White House said Trump was raising the tariff rate because Canada “has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs” into the U.S., as well as Canada’s retaliatory tariffs on American goods.“In response to Canada’s continued inaction and re...