U.S. President Trump signed five Proclamations on Tuesday to ban certain products from Canada. The moves come the same day Canadian reciprocal tariffs went into effect on about $20 billion of U.S. exports, including steel, dairy, and agricultural equipment. Trump did remove rock salt and cement from tariffs. The new banned products include all-terrain vehicles and additional dairy products. Trump will also bar Canada from purchasing contracts. The import bans will take effect

Provincial and territorial chambers of commerce are welcoming new commitments aimed at reducing barriers to trade and labour mobility between provinces and territories. The Atlantic Chamber of Commerce says ministers responsible for internal trade made progress in Iqaluit by agreeing to accelerate work on mutual-recognition legislation, establish a 30-day service standard for labour-mobility applications and set timelines for further reducing barriers to doing business across

The Bank of Canada is holding its key interest rate steady at 2.25 per cent. The decision keeps the Bank Rate at 2.5 per cent and the deposit rate at 2.2 per cent. The central bank says the Canadian economy strengthened in the second quarter, with GDP growing by 3.3 per cent after very weak growth in the first three months of the year. Consumption, housing, exports and business investment all contributed to the rebound. The labour market has also improved in recent months, wi

The Bank of Canada is set to announce its latest decision on the country’s key interest rate Wednesday morning. The announcement is scheduled for 11:15 a.m. Newfoundland Time on Sept. 2. The central bank will release its decision on the target for the overnight rate. The interest rate decision will be closely watched by homeowners, borrowers, businesses and investors as the central bank weighs economic conditions and inflation. The Bank of Canada’s overnight rate influences b

Canada's economy grew 0.8 per cent in the second quarter of 2026, led by stronger exports, household spending and business investment, according to new data from Statistics Canada. The increase in real gross domestic product follows a revised 0.1 per cent gain in the first quarter, up from the previously reported flat reading. On a per-capita basis, real GDP increases one per cent during the quarter as Canada's population declines for the third consecutive quarter. Exports ar

Canada will impose new counter-tariffs on $27.6 billion worth of U.S. imports beginning Sept. 8, matching new American tariffs imposed on Canadian goods while announcing billions of dollars in additional support for workers and businesses affected by the trade dispute. Finance Minister François-Philippe Champagne announced the measures Tuesday after the United States imposed a 50 per cent tariff on $27.6 billion in Canadian goods effective Aug. 22. The federal government said

WestJet flight attendants represented by CUPE 8125 ratified a new three-year collective agreement with 90.2 per cent of members voting in favour. The agreement followed months of negotiations between the union and WestJet that ultimately resulted in a strike by flight attendants. The new contract covers nearly 4,400 flight attendants and includes new compensation for work that cabin crew previously performed without pay. “This is a strong mandate from our members and recognit

After trade talks collapsed on Saturday between Canada and the United States, U.S. President Donald Trump slapped a 50 percent tariff on roughly $28 billion of Canadian goods. Prime Minister Mark Carney said Canada will match those tariffs dollar for dollar. Trump posted to his Truth Social network, "Canada wants the benefits of being a State, without being one!!! They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!! President DJT."

Small-business confidence in Newfoundland and Labrador declined in August, according to the latest Business Barometer from the Canadian Federation of Independent Business. The province was among four provinces where short-term business confidence fell during the month, alongside Manitoba, Prince Edward Island and Alberta. Despite the decline, Newfoundland and Labrador remained above the 50-point threshold, which indicates that businesses expecting stronger performance outnumb

U.S. alcohol could be coming back to store shelves as part of a new trade deal between Canada and the United States. Prime Minister Mark Carney met with provincial and territorial premiers yesterday and made the request. The United States has agreed to delay the implementation of a 50 percent tariff on a range of Canadian goods, giving Canada and the U.S. more time to negotiate outstanding trade issues. The new deadline is 11:59 p.m. Eastern time on Aug. 21, with the tariffs

The United States has agreed to delay the implementation of a 50 per cent tariff on a range of Canadian goods, giving Canada and the U.S. more time to negotiate outstanding trade issues. Prime Minister Mark Carney said Tuesday that Canada and the United States had made substantial progress during intensive discussions aimed at addressing trade issues and providing greater certainty for Canadian businesses, workers, farmers and families. The additional U.S. tariffs had been sc

Newfoundland and Labrador is at the centre of what the federal government is calling the largest clean-energy investment in North American history, with nearly $70 billion earmarked for hydroelectricity, wind power and transmission projects in Labrador. Prime Minister Mark Carney made the announcement Monday alongside Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette in St. John's. The package includes the modernization and expansion of the

Newfoundland and Labrador households are set to receive a 15 per cent rebate on a portion of their monthly electricity bills under the province’s new Churchill Falls agreement, with the average ratepayer expected to save about $351 a year. Premier Tony Wakeham announced the new Churchill River Electricity Rebate Monday as the provincial government unveiled its new agreement with Quebec and the federal government covering Churchill Falls, Gull Island and related energy project

Canada’s annual inflation rate accelerated in July, with consumer prices rising 3.0 per cent compared with the same month last year. Statistics Canada says the increase follows a 2.8 per cent year-over-year gain in June. The agency says higher gasoline prices were a major factor behind the increase. Gasoline prices rose on a year-over-year basis in July, contributing to the overall acceleration in consumer prices. On a seasonally adjusted monthly basis, the Consumer Price Ind

Details remain scarce, but Premier Tony Wakeham will meet with Quebec Premier Christine Fréchette in St. John's today, where a new Churchill Falls deal is expected to be announced. Prime Minister Mark Carney will also be in attendance. The announcement, focused on energy security and economic development, is scheduled for 1:45 p.m. Fréchette will be joined by Quebec Economy, Innovation and Energy Minister Bernard Drainville and Hydro-Québec President and CEO Claudine Bouchard

A new standardized Government of Canada collateral basket is now being used in repo trading, a move aimed at improving efficiency and liquidity in the country’s financing markets. The Collateral Infrastructure and Market Practices Advisory Group, TMX Group and Clearstream announced Wednesday that trading using the new Government of Canada General Collateral basket has successfully begun on the Canadian Collateral Management Service platform. The initiative is designed to impr

Newfoundland and Labrador’s unemployment rate rose to 9.3 per cent in July, up 1.1 percentage points from June, according to new figures from Statistics Canada. The increase came as Canada’s unemployment rate moved in the opposite direction, falling 0.1 percentage points to 6.4 per cent. The national unemployment rate was the lowest recorded since July 2024. Across Canada, wholesale and retail trade recorded the largest employment increase in July, adding 21,000 jobs, or 0.7

Canada and the United Arab Emirates have successfully concluded negotiations on a new Comprehensive Economic Partnership Agreement, marking a significant step in strengthening trade and investment ties between the two countries. The announcement was made Friday in Toronto by Maninder Sidhu and Thani bin Ahmed Al Zeyoudi. Negotiations for the agreement began during Prime Minister Mark Carney's visit to the UAE in November 2025. The federal government said the agreement is one

Canadian small business confidence improved sharply in early July, according to the latest Business Barometer released by the Canadian Federation of Independent Business (CFIB). The CFIB's long-term optimism index, which measures business owners' expectations over the next 12 months, rose to 58.3 in the first half of July—an increase of about eight points from June. Short-term confidence also strengthened, with the three-month outlook climbing to 57.0, indicating improved exp

Premiers from across Canada have signed a new memorandum of understanding aimed at improving accessibility and creating a more barrier-free country for people with disabilities. The agreement was signed by the premiers of Newfoundland and Labrador, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, the Northwest Territories and Nunavut. The memorandum of understanding (MOU) commits provinces and territories to