Derek DeCloet

Prime Minister Mark Carney is expected to plunge Canada into an election campaign on Sunday, as US President Donald Trump’s trade war sharpens the focus on fixing long-standing problems that have hindered the Canadian economy.

Canada is delaying its plan for a second phase of retaliatory tariffs against the US after President Donald Trump exempted Canadian and Mexican goods covered by the North American trade agreement.

A majority of Canadian consumers said they’ve pulled back on buying US-made products and are shopping less on Amazon.com Inc. since US President Donald Trump escalated his threats against Canada.

No matter what happens with tariffs, the damage to the US-Canada relationship could last a generation.

Canadian automobile plants are set to produce about 1.3 million vehicles this year, the lowest level in decades outside the Covid pandemic, as US companies idle factories in the country amid slowing demand, according to a manufacturing think-tank.

Real estate manager KingSett Capital Inc. suspended payments to investors in a large Canadian property fund, saying it needs to hoard cash as it deals with the consequences of the sector’s long slump.

The founders of Shopify Inc. and Slack Technologies Inc. joined Peter Thiel’s venture firm in a fundraising round for a financial technology company that offers credit cards, mortgages and savings accounts to Canadians.

Royal Bank of Canada’s top executive said the country’s economic policy has veered off track, and it needs a more competitive tax regime and a tighter relationship with the US.

Canadian Prime Minister Justin Trudeau urged Mark Carney to join his Liberal government, the Globe and Mail reported, citing four people it didn’t identify.

For eight years, Canadian Prime Minister Justin Trudeau — himself the son of former prime minister, Pierre Trudeau — has managed to keep his Liberal Party in power while navigating his share of drama. But a special election in Toronto on June 24, where a Conservative candidate flipped a seat held by Liberals for more than three decades, shows just how much Trudeau’s party has lost its favor with voters. As the country readies for a national election that’s expected in 2025, Trudeau and the Liber