National Business

TORONTO — Canada's main stock index ticked higher while U.S. markets were mixed in late-morning trading Wednesday, after 25 per cent tariffs on U.S.

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 today.

ST. JOHN'S — The Transportation Safety Board of Canada says the crew of an ill-fated Newfoundland fishing vessel who spent days adrift in a life raft last year had solid safety practices in place.

WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. The consumer price index increased 2.

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.

TORONTO — Prime-minister designate Mark Carney met with Ontario Premier Doug Ford this morning, ahead of the provincial leader's trip to Washington, D.C., to discuss tariffs and free trade with a top U.S. official.

WASHINGTON (AP) — President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S.

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.

BRUSSELS (AP) — The European Union on Wednesday announced retaliatory trade action with new duties on U.S.

OTTAWA — The Bank of Canada cut its key policy rate by a quarter of a percentage point on Wednesday, bringing it to 2.75 per cent.