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Canada will soon have a new prime minister in Mark Carney as the country grapples with a trade war launched by U.S. President Donald Trump. Carney, a former Bank of Canada and Bank of England governor, was selected to replace outgoing Prime Minister Justin Trudeau as the leader of the Liberal Party on Sunday night. He is expected to be sworn in over the coming days.The economist and banker will have his work cut out for him, though, as he takes over the helm at a time of trade uncertainty with Canada’s closest ally.The U.S. has already imposed a sweeping 25 per cent tariff on Canadian goods that went into effect last week, as did Canada’s counter-tariffs on American goods worth $30 billion. Trump paused the tariffs on some, but not all, goods for one month on Thursday. Story contin...

The Ontario government has officially applied a 25 per cent surcharge on all electricity exports to three U.S. states. The additional tax, effective on Monday, will affect 1.5 million homes and businesses in Michigan, Minnesota and New York — costing up to $400,000 per day, the government said.The move is part of Ontario’s initial suite of retaliatory measures against U.S. President Donald Trump’s tariffs on Canadian goods.“President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American families and businesses,” Premier Doug Ford said in a statement Monday.“Until the threat of tariffs is gone for good, Ontario won’t back down. We’ll stand strong, use every tool in our toolkit and do whatever it takes to protect Ontario.” Story continue...

The Liberal Party has a new leader. Mark Carney, former Bank of Canada and Bank of England governor, will replace Justin Trudeau in the top job. In the days to come, Carney is expected to take oath as Canada’s next prime minister. After a landslide win in the Liberal leadership race, clinching 85.9 per cent of the vote, Carney was introduced on the stage by his daughter Cleo.Carney thanked his family and his successor Trudeau, attacked Conservative Leader Pierre Poilievre and U.S. President Donald Trump and outlined his plans to win the trade war for Canada.Here is a transcript of his speech. 5:19 Carney promises to eliminate carbon tax, fight Trump tariffs in 1st speech as Liberal leader ...

By Kyle Duggan The Canadian Press Posted March 10, 2025 7:39 am 1 min read Descrease article font size Increase article font size Liberal MPs are gathering on Parliament Hill Monday afternoon to huddle after the party selected its new leader, former Bank of Canada governor Mark Carney. Carney is heading into a day full of briefings and in the coming days will need to be sworn in as prime minister, tap his cabinet and sort out his party’s battle plans for the coming federal election — but the exact timeline for all these things remains unclear.An early election call is widely expected to follow in the coming days or weeks after ...

Canada’s Minister of International Development, Ahmed Hussen, unveiled $272.1 million in new funding on Sunday for foreign aid projects in Bangladesh and the Indo-Pacific region. “Canada continues to fiercely strengthen our long-lasting friendship with Bangladesh and the wider Indo-Pacific region with our long-standing people-to-people ties,” Hussen said in a statement. “By supporting vulnerable communities’ healthcare services, empowering women and addressing climate change, we are creating a brighter tomorrow for the global community.”The money, to be spent alongside contributions from other foreign partners and donors, will provide new funding for 14 different projects in Bangladesh and other countries in the Indo-Pacific region.The federal Liberal government’s move highlights a dramati...