National Business

SASKATOON, Sask. — Saskatchewan Premier Scott Moe says the province is working on a plan that would help keep steelworkers employed in response to U.S. tariffs.

Canadian mayors, workers and industry representatives are warning that the Trump administration's punishing tariffs on steel and aluminum could cost jobs and cause lasting damage to industries on both sides of the border.

OTTAWA — The federal government will impose 25 per cent tariffs on U.S. goods worth $29.8 billion in retaliation for steel and aluminum tariffs the administration of U.S. President Donald Trump imposed Wednesday.

TORONTO — Canada's main stock index rose Wednesday while U.S. markets were mixed, after 25 per cent tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.

OTTAWA — Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.

WASHINGTON (AP) — In what he called the “most consequential day of deregulation in American history,” the head of the Environmental Protection Agency announced a series of actions Wednesday to roll back landmark environmental regulations, including r

BRUSSELS (AP) — Major trade partners swiftly hit back at President Donald Trump’s increased tariffs on aluminum and steel imports, imposing stiff new taxes on U.S products from textiles and water heaters to beef and bourbon.

NEW YORK (AP) — U.S. stocks mostly rose after getting some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around. The S&P 500 climbed 0.

The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent.

MONTREAL — It's unclear whether Northvolt North America's electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.