Canadian politics, policy & the country's place in the world

Topic

Energy, economy & trade

Energy, jobs, trade routes and the global shifts that decide Canadian prosperity.

  1. Video

    Trump's 50% tariff on Ontario goat cheese gave Mariposa Dairy six days' notice

    A 16-year trade deal, a law that calls for 30 days' warning, and 200 goat farms are at stake as Mariposa loses about $1 million a week.

  2. Daily Brief

    Ottawa poised to finalize trade deal with the Philippines

    Ottawa is poised to finalize a trade deal with the Philippines as Canada deepens ties with Manila amid tensions in the South China Sea. Manila is now home to Canada's second-biggest embassy.

  3. Daily Brief

    Canada's instant payments network launches after years of delays

    Canada's instant payments network has launched after years of delays, bringing 24/7 payment infrastructure to the national economy.

  4. Daily Brief

    Canada's trade surplus widens on record oil and gold exports

    Canada's trade surplus widened as oil and gold drove record exports, with energy and precious metals both lifting the total.

  5. Daily Brief

    Thousands of goats could be slaughtered due to U.S. tariffs

    Thousands of Ontario goats could be slaughtered because of U.S. tariffs, affecting a goat cheese producer that employs roughly 200 people.

  6. Daily Brief

    Canada's manufacturing PMI slips into contraction territory

    Canada's manufacturing sector PMI has slipped into contraction territory, a reading that points to shrinking factory activity.

  7. Analysis

    Joly sends Stelco owner's testimony to Competition Bureau, testing Canada's hold on foreign buyers

    By turning the Cleveland-Cliffs chief executive's own words into a competition question, Ottawa is testing whether Canada can hold foreign buyers of its industrial assets to more than their payroll promises.

  8. Daily Brief

    Tariffs threaten the success of Canadian cheese

    A CBC report looks at how U.S. tariffs are threatening recent gains made by Canadian cheese producers.

  9. Daily Brief

    Data examines whether Canadian snowbirds are returning amid trade war

    A CTV News report looks at whether Canadian snowbirds are going back to the United States during the trade war, and what the available data shows.

  10. Daily Brief

    Bank of Canada governor pledges caution on further rate increases

    Bank of Canada Governor Macklem says the central bank will proceed carefully on any further interest rate increases.

  11. Daily Brief

    Experts explain budget's effects on businesses, debt and investments

    Experts answered reader questions on how the federal budget helps businesses, how Canada plans to manage its debt and what it means for personal investments. Separately, coverage examined what Ottawa's 'RRSP for...

  12. Video

    Cleveland-Cliffs four-year American steel contracts leave Hamilton out of $4 billion pledge

    Ottawa's Stelco deadline lapsed on the same Friday 12,000 American steelworkers won four-year contracts, leaving Hamilton's laid-off workers to rely on federal undertakings.

  13. Daily Brief

    Carney and ministers tour country to sell federal budget

    Prime Minister Mark Carney and cabinet ministers spread across the country on Friday to promote the federal budget, while Conservatives described the plan as a costly spending binge. The spending plan balances...

  14. Daily Brief

    Joly asks Competition Bureau to examine Stelco acquisition

    Industry Minister Mélanie Joly has asked the Competition Bureau to examine whether Cleveland-Cliffs acted in bad faith when it acquired Stelco, following CEO comments.

  15. Daily Brief

    Joly asks Competition Bureau to examine Cleveland-Cliffs' Stelco acquisition

    Industry Minister Mélanie Joly has asked the Competition Bureau to examine whether Cleveland-Cliffs acted in bad faith when acquiring Stelco. The federal government also wants the commissioner to look at possible...

  16. Daily Brief

    Tariff-free extension with China gives Canadian producers more certainty

    A tariff-free extension with China is giving Canadian producers greater certainty during an uncertain period.

  17. Daily Brief

    Economists concerned as labour market sheds jobs for third month

    The labour market shed jobs for a third consecutive month, prompting concern from economists. One economist says a Bank of Canada rate hike in December is now in doubt because of the weak job market.

  18. Video

    Cleveland-Cliffs told Congress it blocked Stelco from American market before tariffs

    Ottawa has asked the competition watchdog to examine whether Cleveland-Cliffs bought Stelco in bad faith, with layoffs and Canada's foreign investment promises at stake.

  19. Video

    Canada's oil windfall funds $142.1 billion budget bet on independence from Washington

    At stake is whether Ottawa's oil windfall can buy real independence from Washington or simply add to a rising federal debt.

  20. Daily Brief

    Brussels removes Canada trade deal ratification language from summit text

    Canada's envoy to the European Union says Brussels dropped language on ratifying the decade-old trade deal from a joint statement issued after the Montreal summit. He also said the rise of far-right groups should not...

  21. Daily Brief

    Bank of Canada keeps two per cent inflation target in mandate renewal

    The Bank of Canada and the federal government agreed to keep a two per cent inflation target at the core of the central bank's mandate.

  22. Daily Brief

    Laurentian Bank to close its services after nearly two centuries

    Laurentian Bank will close its services, bringing an end to nearly two centuries of operations.

  23. Daily Brief

    Carney government tables 2026 budget with $142.1 billion in new spending

    The Carney government's second budget proposes $142.1 billion in new spending to spur growth and ease affordability pressures. It projects a $62.3-billion deficit, with an unexpected windfall used for new investments.

  24. Daily Brief

    Bank of Canada keeps two per cent inflation target in renewed mandate

    The Bank of Canada and the federal government have agreed to keep the two per cent inflation target at the core of the central bank's mandate.

  25. Daily Brief

    Brussels drops ratification language from EU summit trade statement

    Canada's envoy to the European Union says Brussels removed language about ratifying the decade-old Canada trade deal from a joint statement issued at the summit in Montreal last week.

  26. Daily Brief

    Canada and China extend trade agreement to late 2028

    Beijing and Ottawa have extended their agreement, which gives Chinese market access to Canadian imports and Canadian access for Chinese steel and aluminum. Saskatchewan's premier and agriculture producers have...

  27. Daily Brief

    U.S. tariffs squeeze Canadian cabinet makers as duty doubles

    Canadian cabinet makers are facing a squeeze from U.S. tariffs, as a Trump duty on their products is set to double.

  28. Daily Brief

    Canadian dollar and TSX rise after U.S. midterm results

    The Canadian dollar reached a seven-week high after the U.S. election result. The S&P/TSX composite rose more than 800 points as U.S. stocks also soared.

  29. Daily Brief

    China and Canada extend trade agreement to late 2028

    Beijing and Ottawa are extending an agreement on market access to late 2028. It gives Chinese market access to Canadian imports and Canadian access for Chinese steel and aluminum, and canola is also part of the deal.

  30. Daily Brief

    Federal budget to focus on affordability and trade opportunities

    Finance Minister François-Philippe Champagne says Thursday's budget aims to position Canada for a more volatile world. The budget will focus on affordability, cultural sovereignty and expanding trade opportunities...

  31. Daily Brief

    Canada's trade surplus with U.S. widens to $12.3 billion

    Canada's trade surplus with the United States widened to $12.3 billion despite new tariffs. Economists say the headline figure masks underlying softness in the economy.

  32. Daily Brief

    Small businesses seek tax and tariff relief in Budget 2026

    Small businesses are asking for tax and tariff relief in Budget 2026. Champagne is choosing footwear ahead of his second budget speech, while fiscal hawks are watching the plan closely.

  33. Daily Brief

    Ottawa's Cohere investment sparks debate on supporting AI sector

    Ottawa's mega-investment in Cohere has sparked debate over how best to support the country's AI sector.

  34. Daily Brief

    Observers say EU trade pact ratification is unlikely

    Observers say a weakened call to ratify the Canada-EU trade pact reflects reality, with ratification unlikely to happen.

  35. Daily Brief

    Macklem says fiscal policy and inflation control are not at odds

    Bank of Canada governor Tiff Macklem told MPs he does not think federal fiscal policy works against the central bank's efforts to control inflation. He also warned that the bank can no longer look through an energy...

  36. Daily Brief

    De Havilland to receive up to $2.5 billion in federal loans

    De Havilland is set to receive up to $2.5 billion in federal loans aimed at boosting Canadair production.

  37. Daily Brief

    First Nations file legal challenges to Pacific Link pipeline decision

    B.C. First Nations have filed legal challenges to the federal government's decision on the Pacific Link pipeline, the first project given national interest designation under the Building Canada Act last month.

  38. Daily Brief

    EU and Canada seek closer ties amid US tariffs

    The EU and Canada are seeking closer ties amid US tariffs. Experts suggest Canada lock in its gains with the EU, amid confusion over the associate member label.

  39. Daily Brief

    Canada's manufacturing sector contracts for first time this year

    Canada's manufacturing sector has contracted for the first time in 2026, with its manufacturing PMI slipping into contraction territory. An expert says tariffs are inflationary and continue to disrupt supply chains...

  40. Daily Brief

    Federal budget to be unveiled this week amid trade war

    Canada's next budget is set to be unveiled this week, against a backdrop of the U.S. trade war and broader economic uncertainty.

  41. Daily Brief

    PBO projects Canada's GDP growth slowing to 0.9 per cent

    The PBO projects Canada's GDP growth will slow to 0.9 per cent in 2026. The forecast comes as the federal government prepares its upcoming budget.

  42. Daily Brief

    Trade minister says Canada-EU summit in Montreal will bear fruit

    International Trade Minister Maninder Sidhu says this week's Canada-EU Summit in Montreal will bear fruit, stressing the opportunities it offers.

  43. Daily Brief

    Cleveland-Cliffs will retain Stelco amid a jobs dispute

    Cleveland-Cliffs will retain Stelco even as a jobs dispute with the Canadian government continues to play out.

  44. Daily Brief

    Canada pursues closer EU ties and associate membership

    Carney says talks aim for the closest partnership short of full EU accession, making Canada the bloc's first associate member. Under a new deal, Canadian students would get access to EU schools. Carney also says...

  45. Daily Brief

    Canada and EU launch 'alliance for the future' at Montreal summit

    Mark Carney and EU leaders closed a Montreal summit by announcing an 'alliance for the future' pact covering security, digital and education ties. Carney is also pursuing associate EU membership, and says Canada is...

  46. Daily Brief

    Canada's economy shrank 0.7% in January

    Canada's economy contracted 0.7% in January. A financial news briefing described the economy as flatlining, overreliant on bank dividends, and facing high fuel costs.

  47. Video

    Europe calls Canada its closest outside relationship ever despite Trump's tariff threat

    Brussels dropped the words associate member, yet Mark Carney used them in Montreal, with a June 2027 deadline and Trump's tariff threat looming.

  48. Daily Brief

    Ottawa names Roberts Bank port expansion a project of national interest

    The federal government has designated the Roberts Bank Terminal 2 expansion in Delta, B.C., as a project of national interest. The move is framed as a bid to diversify Canada's trade.

  49. Daily Brief

    Canada's economy stalls in August, with September decline expected

    Statistics Canada reported the economy stalled in August, the second flat month in a row. A September decline is seen, putting the timing of the next interest rate hike in question.

  50. Daily Brief

    Federal deficit reaches $5.36 billion in first five months

    The federal government posted a $5.36 billion deficit for the first five months of its 2026-27 fiscal year. A federal budget is expected next week, with more detail on defence spending targets by 2035.

  51. Video

    Ottawa demands Stelco recall laid-off workers before any meeting with Cleveland-Cliffs

    With 175 Hamilton workers laid off, Ottawa's Investment Canada Act deadline for Cleveland-Cliffs runs out in early November, and possible penalties or a forced sale loom.

  52. Analysis

    Stelco owner's admission gives Ottawa a stronger hand in its enforcement fight

    Cleveland-Cliffs' chief executive said he bought Stelco to stop it flooding his market, and that gives Ottawa a strong basis to enforce the promises made in 2024.

  53. Daily Brief

    Canada and EU hold Montreal summit on digital trade

    Prime Minister Mark Carney is hosting European Union leaders in Montreal, with the summit set to conclude with announcements on digital trade and academic exchanges. Both sides pledged deeper security, digital and...

  54. Daily Brief

    Economic growth stalls again in August, StatCan reports

    Statistics Canada says economic growth stalled again in August, and a September decline is seen as likely. Third-quarter annualized growth is tracking at 1.3 per cent.

  55. Daily Brief

    Ottawa to invest up to $1.6 billion in Cohere

    Prime Minister Mark Carney says the federal government will invest up to $1.6 billion in Canadian AI company Cohere.

  56. Video

    European Union drops 'member' from Canada declaration, keeps 'ever closer' wording

    The video explains how Germany and France pushed the word member out of the Canada-EU declaration, why Europe replaced it with ever closer association, and what the partnership covers.

  57. Video

    Ottawa calls lawyers over Stelco owner's TV confession with nine days left

    Cleveland-Cliffs must show a concrete plan to recall 175 laid-off Hamilton steelworkers, or Ottawa may turn to court over binding Investment Canada Act commitments.

  58. Video

    Stelco's U.S. owner says he bought steel maker to keep it out of U.S. market

    The video explains Cleveland-Cliffs' 2024 Stelco takeover promises, the layoffs in Hamilton and Nanticoke, Ottawa's 15-day deadline and possible court action under the Investment Canada Act.

  59. Video

    Abu Dhabi and Ottawa sign free trade deal as Trump calls Canada a rip-off

    A look at the Canada-UAE free trade deal, the $50 billion Emirati investment pledge, and why a railway and port on Hudson Bay matter more than the money.

  60. Video

    Canada and European Union leaders meet in Montreal as Trump threatens Europe over Canada

    Canada hosts Ursula von der Leyen and António Costa for the first full summit since Washington's 50% tariffs hit, and the outcome will test whether ties deliver concrete results.