EWC News
ETFs to Watch as US-Canada Trade War Deepens, Retaliatory Tariffs in View
US-Canada trade tensions put Canadian ETFs in focus as retaliatory tariffs threaten key sectors and raise risks for cross-border commerce.
Zacks
ETFs to Watch as US-Canada Trade War Deepens, Retaliatory Tariffs in View
US-Canada trade tensions put Canadian ETFs in focus as retaliatory tariffs threaten key sectors and raise risks for cross-border commerce.
Zacks
Canada's economy is recovering gradually despite trade and inflation pressures. Strong banks and commodities continue to support Canadian ETFs.
Zacks
The project is expected to have an exporting capacity of 12 million tons per year, which will make it the second biggest LNG export project facility in the country.
The development is the latest indication of how U.S. President Donald Trump's tariffs are disrupting businesses globally, particularly the small ones operating in niche categories.
Canadian Finance Minister Francois-Philippe Champagne reportedly said that the U.S.-Mexico-Canada (USMCA) is an “essential element of competitiveness in North America.”
The new tariffs were imposed by Trump in an executive order on Thursday, which said that Canada “failed to cooperate” with the U.S. to curb the flow of illicit drugs.
Trump’s warnings come after Canada joined a list of countries, including the UK and France, that have pledged to recognize the Palestinian state.
The POTUS highlighted the steep 400% tariffs Canada charges on U.S. dairy imports as he discussed its North American neighbor’s tariff and non-tariff policies and trade barriers that have served to push deficits to unsustainable levels.
The Liberal Prime Minister said his government will also back a proposed C$16.5 billion ($12 billion) carbon capture and storage project for Alberta’s oil sands.