Canada News Updates

Canada is seeking to reduce its dependence on the United States, the destination for roughly 70% of its exports, and Prime Minister Mark Carney has called for a “unique alliance” with the EU.

Canada is “not going to slow down” on its efforts to expand trade with other countries, said Carney, who has invited the world’s leading money managers to Toronto for the Canada Investment Summit. 

Stellantis signed a memorandum with a Canadian armored vehicle manufacturer that outlines steps toward the sale of an idled car factory near Toronto.

The ban will take effect Sept. 29 and comes after retaliatory tariffs promised by Canada kicked in earlier Sept. 8 on $20 billion in U.S. imports.

Prime Minister Mark Carney’s government increased the import tax on many U.S. steel items to 50% from 25%, and applied tariffs to a range of consumer goods.

Canadian Prime Minister Mark Carney’s government will extend the suspension of a fuel excise tax to Jan. 31, 2027.

TFI is working with an as-yet-undisclosed autonomous truck developer ahead of the technology’s introduction in LTL linehaul and then perhaps wider use.

Among provinces, Ontario and Quebec face the largest impact from the escalation of the trade war because of their concentration of affected manufacturers.

Most of the vehicles Canada produces are exported to the U.S., but the trade war and the lack of a new product earmarked for the factory have clouded its future.

Canada canceled planned tariffs on about C$1.1 billion of American fish and seafood products, a break for Maine and Alaska, both major fish exporters.