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“Here we go again. If it’s not one thing, it’s another, especially with China. They’ve always got something up their sleeve so they can drop our price.” That’s how John Guelly, a canola producer near Westlock, Alta., reacted to Tuesday’s news that China is slapping a 75.8 per cent tariff on imports of Canadian canola.Guelly, who is a former chair of Canola Alberta, an advocacy group for the province’s 14,000 canola farmers, estimates the value of the Canadian canola production at $12 billion annually, or about 15 per cent of the total income Canadian farmers receive from the sale of agricultural commodities each year. John Guelly, who grows canola near Westlock, Alta., said trading with China is like a revolving door because they always seem to find a new reason to ...

Despite the U.S. taking in record income from President Donald Trump’s tariffs in July — with a 273% increase in customs revenues (or $21 billion) from this time last year — the U.S. budget deficit is still higher, according to Treasury Department data released Tuesday. The government’s shortfall has climbed 20% this fiscal year compared to the same period in 2024.Even as Trump talks about America becoming rich because of his import tax hikes, federal spending keeps outpacing the revenues collected by the government. That financial picture might change as companies exhaust their pre-tariff inventories, forcing them to import more goods and generate even more in tax revenues that could whittle away at the deficit without meaningfully reducing it as promised.If tariffs fail to deliver on Tru...

Major institutional investors are asking the federal government to give them a reason to invest more at home in the upcoming fall budget, says the Liberal MPs leading budget consultations across Canada. The federal Liberals are in the midst of consultations on the upcoming 2025 budget. While federal budgets typically are tabled in the spring, this one is set to land during the fall session of Parliament.The budget — which doesn’t yet have an exact release date — will be the Liberals’ first under Prime Minister Mark Carney and the first tabled by Finance Minister François-Philippe Champagne, who was appointed to that cabinet position in May.The minister and some Liberal MPs are touring Canada to solicit feedback as part of the federal government’s typical pre-budget process.“From our standp...

A week has passed since the Nova Scotia-wide ban on entering the woods came into effect — and some citizens are already testing its limits. A Cape Breton man’s videos went viral over the weekend after he went to the Department of Natural Resources office in Coxheath and announced he was going to go into the woods in protest.“I want to challenge this order in court, and the only way to do that is to get the fine,” Jeffrey Evely said in the video. “So I’m not trying to make trouble for you guys, I just want a piece of Tim Houston and I want to be as accommodating and nice as I can be.”One of the officers replies: “Okay, so I’m ordering you to not.”“Okay, roger that,” Evely replied in the video. Story continues below advertisement Evely, who stood as a political ...