The Bank of Canada raised interest rates on Wednesday, surprising many, and left the door open to more rate hikes in 2017 even as it pledged to pay attention to how higher borrowing costs would hit Canada’s indebted households. The 25-basis-point increase to 1 percent followed a hike in July and puts Canada ahead of the curve in returning borrowing …

Canada, embroiled in a dispute with Boeing Co over the planned purchase of 18 new Super Hornet fighter jets, could buy used versions of the plane from Australia instead, the defense ministry said on Wednesday. The Liberal government of Prime Minister Justin Trudeau suspended talks with Boeing over the planned acquisition after the U.S. firm launched a trade challenge against …

WestJet Airlines Ltd’s (WJA.TO) planned ultra-low-cost carrier will target Canadian passengers who currently cross the border into the United States for cheaper fares, the company’s chief financial officer said on Wednesday. Canada’s second-largest airline, which is launching the separate no-frills carrier in June 2018, is trying to attract Canadians who now drive to places like Buffalo, New York for cheaper …

Canada, Mexico and the United States made progress in talks to update the NAFTA trade pact, top officials said on Tuesday, a relief after repeated criticism by U.S. President Donald Trump, although the round did not delve deeply into the toughest issues. A joint statement by U.S. Trade Representative Robert Lighthizer, Canadian Foreign Minister Chrystia Freeland and Mexican Economy Minister …

The Canadian province of British Columbia has extended a state of emergency for a fourth time until Sept. 15 due to wildfires raging across the region, the provincial government said on Friday. Since early summer, firefighters and emergency services have been battling hundreds of blazes across British Columbia that have forced as many as 45,000 people from their homes and …

Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear it up if he does not get his way. Trump has used Twitter, press conferences and speeches to attack NAFTA in recent days, …

Canada’s main stock index rose on Thursday as Toronto Dominion Bank TD.TO posted the strongest earnings beat among the country’s top banks and quarterly data showed Canada’s economic growth accelerated far more than expected. TD Bank, Canada’s second-biggest lender, was by far the biggest influence on the index. Its shares rallied 2.9 percent to C$66.77 after it reported earnings that …

Canadian Prime Minister Justin Trudeau on Monday said there was nothing new to a threat by U.S. President Donald Trump to walk away from NAFTA and vowed Canada would stay in negotiations to modernize the trade pact. “We have heard such comments before,” Trudeau told reporters when asked about Trump’s statement. Trump renewed a threat to scrap NAFTA and criticized …

Canada’s main stock index fell on Monday as a decline in U.S. crude oil prices following the impact of Tropical Storm Harvey weighed on shares of companies in the energy sector. U.S. crude oil prices declined 1.4 percent after Tropical Storm Harvey inflicted damage along the U.S. Gulf Coast during the weekend. In the heavily weighted energy sector, Canadian Natural …

U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreement. “We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada. Both …