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As Ottawa floats possible solutions to U.S. President Donald Trump’s tariff threats, it faces a dilemma: does it appease the United States and open up the domestic market, inflicting volatility and job losses but potentially driving down consumer prices, or does it stand firm with retaliatory threats to protect Canadian industries? Canada is bracing for the impact of Trump’s threats to levy blanket tariffs of 25 per cent on all goods entering the U.S. from Canada and Mexico, with much being said about price hikes for certain consumer goods if the tariffs come into force, but little attention paid to what possible solutions, like opening up the market, could mean.“I’m not going to sugarcoat it, there will be job losses if we open up those protected industries,” says Ian Lee, associate profe...

An Albertan who lost her home in the devastating Jasper wildfire last year says broken promises by the United Conservative Party government in setting up interim housing for those displaced are unacceptable. “I don’t know why the UCP would commit and promise something and then just completely revoke it,” said Sabrina Charlebois, who has been living in a hotel in town since November.“Because they’re not getting their way, they’re just pulling out completely? That’s unacceptable.” Charlebois helped organize a protest Friday on the six-month anniversary of the blaze that displaced an estimated 2,000 Jasper residents.More than 200 people marched through town, stopping in front of the municipal library.Social Services Minister Jason Nixon announced in October that the province would spend $...

While United States President Donald Trump continues to talk about tariffs on Canadian exports, his plans are being criticized by some industry groups in both the United States and Canada who say changing the status quo will hurt everyone involved. “Both of our economies, particularly when it comes to energy, are highly integrated and highly efficient,” said Mark Scholz, the president and CEO of the Canadian Association of Energy Contractors (CAOEC).He explained trade over the past 50 years or so has created wealth and prosperity for both Canada and the United States and any export tariffs, taxes, or bans on either side of the border would hurt both nations.“This is too important of a trade relationship, too many jobs are on the line both in Canada, the United States to take this for grant...

Defence Minister Bill Blair says Canada could hit its NATO defence spending target within just a few years if need be but didn’t commit to doing so. NATO members have all committed to spend the equivalent of two per cent of its GDP on defence but Canada has consistently failed to reach that target.Last summer, following backlash from Republican lawmakers in the U.S., Prime Minister Justin Trudeau said Canadian defence spending would hit the two per cent marker in 2032.But there was no clear plan to get there, and some military analysts have questioned whether 2032 was possible.Today when Blair was asked by a reporter if Canada could reach that mark in two years, Blair replied that is “absolutely achievable” but didn’t say it would happen. Story continues below advertisement ...

Descrease article font size Increase article font size Canada Post says the federal government is providing it with a lifeline to help the Crown corporation continue operating as it “deals with significant financial challenges.” The corporation said Friday that Ottawa plans to make repayable funding of up to $1.034 billion available for its 2025-26 fiscal year.Canada Post’s incoming funding comes just two months after it reported steep financial losses in its third quarter, with the national postal service reporting a loss before tax of $315 million amid a decline in parcel revenue and volumes.That quarter’s revenue from parcels had dipped 5.8 per cent and volumes declined by six million pieces, or 9.6 per cent compared to the previous year. ...

By Dylan Robertson The Canadian Press Posted January 24, 2025 12:40 pm 1 min read Descrease article font size Increase article font size Ottawa’s former chief trade negotiator Steve Verheul says Alberta is undermining Canada’s attempts to prevent the U.S. from levying damaging tariffs. Prime Minister Justin Trudeau has rallied most of the premiers to agree that all sectors of the Canadian economy could be deployed to fight back against U.S. President Donald Trump’s plan to impose 25 per cent tariffs on all imports from Canada.Alberta Premier Danielle Smith has said that Canada should not threaten the U.S. with retaliatory tarif...