Canada is indicating a possible policy shift in one of its longest-running trade battles with the United States. British Columbia Premier David Eby stated that Canada may consider limiting its softwood lumber shipments to the United States,

Trade tensions between the US and Canada escalate as President Trump threatens a 35% tariff on Canadian goods. This move jeopardizes the USMCA and could have significant economic repercussions for both nations.

Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney have agreed to bolster trade collaboration as U.S. tariffs loom. The leaders plan to uphold the U.S.-Canada-Mexico trade agreement and strategize negotiations with the Trump administration.

The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners.

US President Donald Trump announced a sweeping new 35% tariff on Canadian imports, escalating trade tensions between the two countries.

TORONTO — Canada's main stock index fell more than 140 points to finish trading Tuesday, while U.S. stock markets were mixed as investors saw fresh inflation data from both countries. The S&P/TSX composite index was down 144.

Statistics Canada’s June consumer price index (CPI), set for release Tuesday, is expected to show the annual inflation rate rising to 1.9 percent from 1.7 percent in May, according to RBC and other economists. Accoridng to The Canadian Press, BMO anticipates the rate will reach 2 percent.

Canada’s labor market posted a stronger-than-expected performance in June, offering a measure of resilience as geopolitical and trade tensions escalate. The country added 83,000 jobs, driving the employment rate up to 60.