Author: Paul Vieira

The legislation also attempts to minimize labor disruptions in key trade-focused parts of the economy like railways and ports.

The plant, in Brampton, Ontario, has been idle since 2024, and Stelantis is in advanced talks to sell that factory to a Canadian armored-car maker.

The union representing more than 9,000 Stellantis employees in Canada said it could be in a strike position in the coming weeks unless the carmaker changes course on its plan to sell a Toronto-area factory to a defense firm.

The union representing over 9,000 of the automaker’s Canadian employees declared an impasse on talks toward a new labor deal.

The gathering, which starts Monday, seeks to pair companies pitching projects with some of the world’s top asset managers responsible for assets totaling over $100 trillion.

Mark Carney said retaliatory tariffs on about $20 billion in U.S. goods that kicked in on Tuesday were necessary to protect domestic sectors and workers.

Canadian Prime Minister Mark Carney says the government would spend about 4.7 billion Canadian dollars (US$3.4 billion) to acquire new-generation passenger cars for state-owned Via Rail.

Any trade pact Canada strikes with the U.S. must ensure that agreed-upon tariff levels on certain goods would not be subject to change, Prime Minister Mark Carneys said.

The Bank of Canada is widely expected to keep its main interest rate unchanged on Wednesday as policymakers assess the fallout from a stark deterioration in Ottawa-Washington trade ties.

New duties range from 15% to 50% on about $20 billion of goods, designed to protect domestic firms’ market share.

Dominic LeBlanc, Canada’s minister in charge of U.S. trade, said Ottawa and Washington are “very close” to finalizing an agreement.

The company last year said it would shift manufacturing to Illinois as pressure mounted from President Trump for car companies to shift operations to the U.S.