Skip to main content

Featured

5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
Post a Comment
Read more

article

Labels

Trump's 25% Tariffs on Canada and Mexico Set to Take Effect Saturday

The White House has announced that President Donald Trump will implement 25% tariffs on imports from Canada and Mexico starting this Saturday. This move is part of Trump's ongoing efforts to address trade deficits and concerns over the flow of illegal fentanyl into the United States.

The tariffs are expected to impact a wide range of goods, including produce, alcohol, and auto parts, potentially leading to higher prices for American consumers. The decision has already caused a dip in the Canadian dollar and raised concerns about the potential for a trade war.

Prime Minister Justin Trudeau has stated that Canada is prepared to respond forcefully if the tariffs are imposed, emphasizing that while this is not the desired outcome, Canada will take necessary actions to protect its interests.

The economic implications of these tariffs are significant, with experts predicting a potential recession in Canada if the tariffs remain in place for an extended period. The situation remains fluid, with further details expected to emerge as the implementation date approaches.


Labels:

Comments

Post a Comment