Canada News Updates

“The probability of increasing pricing slightly or potentially increasing tariff surcharges over the year has increased,” said Eva Scherer, Daimler Truck CFO.

Changing customer dynamics drove the decision. Toronto-bound freight lanes were growing busier, and the company wanted to minimize empty miles.

The U.S. is demanding changes to the treaty, and the top U.S. trade negotiator has said the president would be willing to pull the U.S. out of the pact if he can’t get the deal he wants.

The economy ministry conducted consultations with 30 sector roundtables, spanning metals, agriculture, construction, carmaking and tourism. It sent more than 500 surveys to companies, chambers and industry groups.

Energy Minister Tim Hodgson gave further details on the package March 3, including C$44 million for upgrades to the Northwest Transmission Line in northern British Columbia.

Dominic LeBlanc told a business audience in Toronto that he will meet with U.S. Trade Representative Jamieson Greer late next week in Washington ahead of the mandatory review of the USMCA in July.

South Bow, a spinoff of TC Energy, is considering an expansion of its pipeline system that may revive a version of the canceled Keystone XL project.

A lack of capital investment by the private sector remained a significant headwind. Murray Mullen noted that consumers struggled with inflation as basic needs became more costly.

Janice Charette will work with the minister responsible for Canada-U.S. trade, Dominic LeBlanc, on the joint review of the trade agreement between Canada, the U.S. and Mexico.

President Trump introduced 25% tariffs on U.S. imports of medium- and heavy-duty trucks and parts on Nov. 1 as he seeks to reorient trade flows, although the full details are yet to emerge.