Author: Paul Vieira

Canadian Prime Minister Mark Carney said he’s prepared to use whatever legal and policy levers available to protect the roughly 2,000 workers affected.

The transaction, should it close as anticipated by the end of the year, would bring an end to car manufacturing at the Brampton, Ontario factory, which has emerged as a flashpoint in the U.S.-Canada trade tensions.

Karen Karniol-Tambour’s appointment marks the next step in Prime Minister Mark Carney’s effort to jump start the construction of so-called national projects, and help promising domestic startups expand.

The Bank of Canada and the country’s finance department agreed to renew the central bank’s inflation-targeting framework for another five years.

Prime Minister Mark Carney said the U.S. is “asking less and offering more” in the latest round of negotiations, though major hurdles remain.

Canada argues that the proposed expansion at the nation’s busiest port is necessary for the country to meet its goal of doubling non-U.S. exports by 2035.

Cleveland-Cliffs is ruling out selling Stelco until the business improves production and 175 laid-off workers return to their jobs, an effort Chief Executive Lourenco Goncalves said hinges on Canadians buying the company’s steel products.

The Bank of Canada is increasingly confident about the domestic economy and companies’ ability to navigate turbulent trade waters, adding to its conviction that it was time on Wednesday to raise interest rates.

It is Canada’s latest dollop of federal aid for companies that have faced financial strain since President Trump imposed hefty tariffs on foreign-made metals and automotives.

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.