Canada Is Removing Many Retaliatory Tariffs on US
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Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact.
The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
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Under that scenario, headline inflation would stay below 2% until late 2026. The Bank of Canada sets interest rates to achieve and maintain 2% inflation. “The removal of retaliatory tariffs on many products should help quell any lingering concerns at the Bank of Canada about tariff-induced inflation,” Mendes said.
A First Nation artist who spent months carving out a totem pole to tell a story about Canada’s residential school system says the structure can be repaired after it was cracked during a storm in Winnipeg earlier this week.