Canada's economy added nearly quadruple the number of jobs forecasted for December and the unemployment rate surprisingly ticked down to 6.7%, data showed on Friday, giving the central bank breathing room to determine the pace of further rate cuts.
Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if U.S. President-elect Donald Trump follows through with his threat to impose 25% tariffs on all Canadian products,
Canada imported $320 billion in U.S. goods in the first 11 months of 2024, nearly equaling the European Union’s $341 billion. A U.S. 25% tariff could reduce Canada’s GDP by up to 3.8%, with retaliatory tariffs amplifying the impact to as much as 5.
Canada on Friday imposed sanctions on 14 current and former senior officials of the Venezuelan government, alleging that they had engaged in activities that have supported human rights violations in Venezuela.
In response, Justin Trudeau, who is reportedly stepping down as Canada's prime minister, recently wrote on X: "There isn't a snowball's chance in hell that Canada would become part of the United States." Trump-ally Elon Musk then responded: "Girl, you're not the governor of Canada anymore, so doesn't matter what you say."
Canada's finance minister says U.S. President-elect Donald Trump’s comments that Canada should become the 51st state are no longer a joke and are meant to undermine America’s closest ally and major trading partner.
Podcaster Joe Rogan suggested that America may as well take over Mexico if so many of its people are immigrating illegally, bringing safety to both countries.
The president-elect’s comments about the U.S. annexing its northern neighbor were rejected by Canadians of all political stripes.
The Liberals need to elect a new leader before Parliament resumes March 24 because all three opposition parties say they will bring down the Liberal government in a no-confidence vote.
The Sudbury Wolves acquired star defenceman Henry Mews from the Ottawa 67's on Friday ahead of the CHL trade deadline.
On Friday night, the Golden State Warriors will play the Pacers in Indianapolis, Indiana. For the game, the Warriors will be without a lot of their key players