Republicans have raised concern about the US president’s plan to impose tariffs on metals, with the party’s top lawmaker calling for it to be scrapped. US Speaker of the House Paul Ryan said he was “extremely worried” about the impact of a trade war, adding that it could undermine economic gains. But Mr Trump pushed back during a White House …

The Dow Jones industrial average closed 420.22 points lower at 24,608.98 after rising more than 150 points earlier in the day. The 30-stock index fell as much as 586 points. The S&P 500 declined 1.4 percent to end at 2,677.67 — erasing its year-to-date gains — with industrials as the worst-performing sector. It also briefly broke below its 100-day moving …

U.S. President Donald Trump said he would impose the tariffs beginning next week, raising the risk of exacerbating tensions at negotiations already facing serious challenges. Officials were unable to say immediately whether the tariffs would include imports from Canada and Mexico, the other two partners in the 24-year-old North American Free Trade Agreement. The lack of clarity created uncertainty as …

The steel tariff will be 25 per cent, the aluminum tariff 10 per cent, Trump announced at the White House on Thursday. He said he will impose the tariffs “next week,” that they will last “for a long period of time,” and that they will bring back jobs stolen by countries that have acted unfairly. “We’re going to take care …

With the domestic economy going strong and the Bank of Canada hiking rates, the Liberal government is in a balancing act of slowly reining in deficits while taking steps to bolster long-term growth as U.S. tax cuts and protectionism threaten Canadian exports and competitiveness. Household debt is also at a record high even as job gains bring the country closer …

The comments cast further doubt on prospects for talks to modernize the trilateral North American Free Trade Agreement (NAFTA), which Trump has repeatedly threatened to abandon unless major changes are made. Officials are due to hold a sixth and penultimate round of negotiations in Montreal from Jan. 23-28 as time runs out to bridge major differences. It is not certain …

The Dow Jones industrial average traded above 25,000 points for the first time, blasting through another 1,000-point milestone. The Dow’s latest breakthrough came in early trading Thursday and just five weeks after closing above 24,000 points for the first time. Technology companies, which put up some of the biggest gains in the last year, continued to outpace the rest of …

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Home sales via Canadian MLS® Systems edged up 0.9% in October 2017 on the heels of monthly increases in August and September, but remained almost 11% below the record set …

The 2017 federal budget for Canada is out. Read the full document for yourself here and check out the text of Finance Minister Bill Morneau’s speech here Here is the prepared text of Morneau’s 2017 budget speech. Please check against delivery.  Mr. Speaker, As Canadians come together to celebrate Canada 150, we proudly reflect on the generations that came before …

A second rate hike by the Bank of Canada will temporarily goose housing as buyers look to complete deals before mortgage rates go up, but higher borrowing costs will soon weigh on Canada’s indebted households and douse spending and homebuying. The central bank raised rates unexpectedly this week, the second hike in a row, but pledged to pay close attention …