Skip to main content

Featured

Trump's 50% Auto Tariff Threat: What It Means If You're Buying a Car in 2027

  Vehicle prices in Canada are already up thousands of dollars since the trade war began. A threatened doubling of auto tariffs on January 1, 2027 could push them higher still — here's what's confirmed, what's not, and what it means if you're in the market for a car. On Monday, U.S. President Donald Trump posted on Truth Social that tariffs on all Canadian-made cars, trucks, auto parts, and steel would rise to 50% starting January 1, 2027 — effectively doubling the current 25% rate. The threat landed hours after cross-border trade talks collapsed late Friday night, triggering a separate round of 50% tariffs on roughly $20 billion of other Canadian goods and a promised Canadian retaliation package set for September 8. For anyone shopping for a new or used vehicle in Ontario — or watching an auto-sector paycheque — here's what's actually changed, and what's still just a threat. What Trump actually announced The post is specific on rate and date but light on me...
Post a Comment
Read more

article

Labels

NDP and Bloc Québécois Push for Extended $250 Payouts to Retirees


The New Democratic Party (NDP) and Bloc Québécois are urging the Liberal government to extend the recently announced $250 payouts to include retirees. The payouts, part of a broader affordability package, are currently set to be distributed to working Canadians who earned $150,000 or less in 2023.

NDP Leader Jagmeet Singh expressed concern that the current plan excludes some of the most vulnerable Canadians, including seniors and people living with disabilities. Singh emphasized the need for the government to address this oversight and ensure that all Canadians, regardless of their employment status, receive the support they need.

Bloc Québécois Leader Yves-François Blanchet echoed these sentiments, stating that his party would not support the proposal unless it is expanded to include seniors and retired Canadians. Blanchet highlighted the importance of providing financial relief to those on fixed incomes, who are often disproportionately affected by rising living costs.

The Liberal government, led by Prime Minister Justin Trudeau, has yet to respond to these calls for an expanded benefit. Deputy Prime Minister and Finance Minister Chrystia Freeland confirmed that the government is in discussions with other parties about the measures.

The outcome of these negotiations will be closely watched, as it could significantly impact the financial well-being of many Canadians.



Labels:

Comments

Post a Comment