Canadians are rightly angry and scared about what the U.S. tariffs and threats will mean for the economy. When the trade war first began, the outlook was dire. But since then, Canada has swung from the focus of U.

Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks.

The president’s first international summit of his second term comes ahead of a new tariff deadline and amid a Middle East crisis.

“I don’t think it’s a crisis,” Canadian Imperial Bank of Commerce chief executive Victor Dodig said at an automotive industry event in greater Toronto. But the economy needs the salve of lower interest rates, pro-growth policies and more certainty on trade policy, he said.

President Donald Trump will travel to Alberta, Canada, later today to participate in the Group of Seven meeting amid a widening conflict between Israel and Iran and his ongoing trade war.

The UK will seek to restart trade negotiations with Canada, Prime Minister Keir Starmer said, as he strives to strengthen commercial ties around the world to better insulate Britain’s economy from the fallout of US President Donald Trump’s tariff war.

Canada agrees to ratify Britain’s accession to major trans-Pacific trade pact - The UK joined the bloc in 2024, but Canada is yet to ratify its accession.

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

The UK will seek to restart trade negotiations with Canada, Prime Minister Keir Starmer said on his way to meet his counterpart, Mark Carney as he strives to strengthen commercial ties around the world to better insulate Britain’s economy from the fallout of US President Donald Trump’s tariff war.