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Members of U.S. President Donald Trump’s administration are defending his growing trade war with Canada and the impact it’s having on markets and retirement savings, claiming any short-term pain will eventually lead to long-term “prosperity.” The U.S. stock market was sinking further Tuesday after Trump said he would double tariffs on Canadian steel and aluminum, continuing a downward trend that has pulled Wall Street more than nine per cent below its record set just a month ago.Trump said it was in direct response to Ontario’s move to put an export tax on electricity it sells to U.S. states, which was retaliation for the sweeping 25 per cent U.S. tariffs imposed earlier this month.Asked if she can promise Americans who have seen their pensions and retirement savings plans affected by the ...

Ontario “won’t back down” after U.S. President Donald Trump called for a further tariff hike in response to the province’s 25 per cent export tax on electricity. Premier Doug Ford delivered that remark in an interview with MSNBC Tuesday morning, within an hour after Trump said he has instructed his commerce security to add an additional 25 per cent tariff to Canadian steel and aluminum, beginning Wednesday.Those tariffs, which were initially set to be imposed at a rate of 25 per cent, will now be 50 per cent should Trump stay true to his word.“We will not back down. We will be relentless,” Ford said.“I apologize to the American people that President Trump decided to have an unprovoked attack on our country, on families, on jobs. It’s unacceptable.” Story continues below advertiseme...

For Mary Ann and Mike Jeffries, Florida has been their warm-weather sanctuary for the past 15 years, a place where they could escape harsh Canadian winters and live an active, vibrant life. But recent political changes have made their seasonal home feel less welcoming. The couple, who live in Moncton, New Brunswick, has decided to permanently leave their home away from home in Florida—a decision they never thought they’d make.The Jeffries’ are just one of the many Canadian “snowbirds” who flock to the U.S. every year to enjoy the mild Florida climate. But as the U.S. government tightens regulations on foreign nationals, including Canadians, their situation has become increasingly difficult.A new policy from the U.S government will require foreign nationals visiting for more than 30 days to...

Only two of the candidates in the Liberal leadership race — Mark Carney and Ruby Dhalla — disclosed their fundraising events to Elections Canada. A political transparency advocate says this exposes a “loophole” in the rules for funding political campaigns that needs to be closed — since some of the contenders held fundraisers without publicly disclosing them or reporting who attended.Carney reported eight fundraisers to Elections Canada over the course of the two-month race, while Dhalla — whom the party eventually kicked out of the race — disclosed one.But Chrystia Freeland — who held several fundraiser events during the race — and candidates Frank Baylis and Karina Gould did not add any information to the public disclosure list.Leadership candidates and political parties must disclose th...

High-stakes talks between senior delegations from Ukraine and the United States on how to end Kyiv’s three-year war with Moscow opened in Saudi Arabia on Tuesday, hours after Russian air defenses shot down 337 Ukrainian drones over Russia. Two people were killed and 18 were injured, including three children, in the massive drone attack that spanned 10 Russian regions, officials said. No large-scale damage was reported.In the Red Sea port city of Jeddah, Saudi Arabia, journalists briefly entered a room where senior Ukrainian delegation met with America’s top diplomat for talks on ending Europe’s biggest conflict since World War II.U.S. Secretary of State Marco Rubio smiled for the cameras. Asked what is his expectations for the meeting were, Rubio gave a thumbs up and replied, “Good.”Ukrain...

U.S. President Donald Trump’s attacks on world leaders have given many of them a boost in their approval ratings, as allies contend with what experts say is an “external threat” posed by the Trump administration. Leaders who were suffering polling slumps in recent months and years — including outgoing Prime Minister Justin Trudeau and his incumbent Liberal Party, and Ukrainian President Volodymyr Zelenskyy — have seen their popularity rebound since Trump returned to the White House in January, according to recent polls.“Donald Trump is making other countries rally around their leaders in opposition,” said Matthew Lebo, a political science professor at Western University.“He’s having the opposite effect of what he seems to want, which is to undermine people like Trudeau and Zelenskyy.”Altho...