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In the News: Trade War Ignites, Poilievre Wants Parliament Recalled, Businesses Brace
Canadian exporters say the 50% tariffs will raise costs, cut sales and force some firms to delay hiring and investment, industry groups said.
- On Saturday, President Donald Trump's 50 per cent tariffs on Canadian goods took effect, affecting exports worth more than $20 billion after trade negotiations collapsed.
- Prime Minister Mark Carney vowed to retaliate with dollar-for-dollar tariffs after negotiations failed late Friday, declaring Canada was "walking away from a bad deal."
- The Canadian Federation of Independent Business reports 40 per cent of small exporters face tariff pressure, while Calgary jewelry maker Cindy Baldassi expects to lose roughly half her American customers.
- Matthew Holmes, executive vice president of the Canadian Chamber of Commerce, noted that unpredictable U.S. trade policy has caused businesses to freeze major investment decisions and delay hiring.
- Conservative Leader Pierre Poilievre is calling on Carney to reconvene Parliament to address the deal's collapse, arguing "Canadians must see it to judge what options are on the table.
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15 Articles
15 Articles
Coverage Details
Total News Sources15
Leaning Left9Leaning Right0Center5Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
Factuality
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