National Business

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

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.

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.

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.

FREDERICTON — Nearly seven years after the New Brunswick government went to the Supreme Court to prevent the free movement of alcohol across the country, Premier Susan Holt says the tariff war with the United States is forcing the province to rethink

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.