Canada and the U.S. are locked in a fresh tariff standoff after Ottawa suspended trade talks, drawing mixed reaction from provincial leaders including Alberta's premier.
Canada's business and labour leaders warned the new tariffs could force exporters to cut jobs or shut down entirely after trade negotiations broke off in Ottawa.
Prime Minister Mark Carney pulled negotiators from Washington after a midnight deadline passed without a deal, promising dollar-for-dollar retaliation against the new U.S. tariffs.
With a federal deadline looming, Burton Bailey says central Alberta industries from honey to oil and gas have already suffered from months of tariff uncertainty.
Nova Scotia Premier Tim Houston made the disclosure from Banff after a call between the prime minister and provincial leaders on the draft Canada-U.S. trade agreement.
The White House says the pause hinges on Canada addressing provincial liquor bans, auto import quotas and dairy supply management, with Trump also citing the Keystone XL pipeline.
A new Leger survey finds Albertans are the least likely of any province to back a hard-line approach to trade talks with Washington, even as new U.S. tariffs on $28 billion in Canadian goods loom.
Canfor's permanent closure of its Fox Creek mill will cost 74 jobs in the northwestern Alberta town of under 1,800 people as Ottawa scrambles to avert a new round of U.S. tariffs.
With 50 per cent U.S. tariffs on Canadian goods set to take effect Wednesday, a Manitoba-led delegation used the Iowa State Fair to press the case for cross-border trade.
A weekly financial roundup notes that investors are largely brushing aside tariff worries as oil prices and interest rate expectations dominate trading sentiment.