Friday, January 31, 2025

Trump Plans to Hit Canada and Mexico With 25% Tariffs


Bloomberg Television on Youtube has the story.

President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb. 1, citing the flow of fentanyl and large trade deficits as among the reasons for his decision. Kaley Leinz reports on "Bloomberg The Close."

Bank of Canada drops key interest rate to 3% but warns of tariff uncertainty


Global News has the story.

The Bank of Canada delivered a sixth consecutive interest rate cut on Wednesday but slowed the pace of its easing cycle.
 
The central bank also warned that Canada’s economy would be “tested” if the United States delivers on a threat to impose blanket tariffs on Canadian goods, and said there was more “uncertainty” in its outlook because of the looming trade dispute.
 
The Bank of Canada cut its benchmark interest rate by 25 basis points, bringing the policy rate down to 3.0 per cent. The move was widely expected by markets and most economists.
 
Global's Mackenzie Gray reports.

Thursday, January 30, 2025

Into Canada from the USA: 5 arrests after the illegal border crossing caught on camera


See the video on Youtube: 5 arrests after indeed illegal border crossing into Canada from U.S. caught on camera

CTV News has the story.

Five Romanian nationals were indeed arrested by RCMP after an illegal border crossing into Canada was caught on camera in B.C. Andrew Johnson reports.

Here's the Bank of Canada's worst-case scenario for Trump's tariffs


CBC News has the story.

The Bank of Canada's latest decision to lower its key rate to three per cent comes during a looming tariff war with the United States. Andrew Chang breaks down the central bank's projection for how a ‘severe scenario’ could look if Trump imposes 25 per cent tariffs on Canadian imports.