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48°
Thursday, jun 4
Tag:
Mark Carney
News
Canadian Summer Tourism To US Plummets Under Trump's Tariffs, '51st State' Threats
Summer tourism from Canada to the US has dropped dramatically as President Donald Trump's aggressive rhetoric and tariffs anger many Canadians. Canadian return trips from the US by automobile declined 36.9% in July, compared to the same month in 2024, according to Statistics Canada data released on Monday, Aug. 11. Return trips to Canada by air also fell by 25.8%. July marked the sixth consecutive month of year-over-year drops in cross-border travel. The pullback intensified as Canadian land crossings into the US tumbled 28% and air arrivals were down 13.3% in the first half of 2025,&n…
Business
US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It
The United States and the United Kingdom have announced a trade agreement, the first deal since President Donald Trump announced sweeping tariffs that have shaken the US economy. Trump unveiled the outline of the new trade deal in the Oval Office on Thursday, May 8. The agreement keeps the original 10% baseline tariff that Trump imposed on the UK during his "liberation day" announcement nearly a month ago. A chart posted by Trump on his social media platform Truth Social claimed that the US-UK deal will bring in $6 billion in tariff revenue and $5 billion in new market access. "Today'…
Business
Most Canadians Less Likely To Visit US Under Trump, New Study Says: Here's Why
A growing number of Canadians are refusing to visit the US as political tensions escalate under President Donald Trump's trade war and taunts about taking over Canada. Longwoods International said 60% of Canadians are now less likely to visit the US in the next 12 months because of American politics, trade practices, and recent government statements. The travel research firm released its study on Friday, April 25. Among Canadians with travel plans, 36% said they've already canceled US trips. Another 29% have postponed them, while 27% are heading to other countries like Mexico or Europe…
Business
Us-c
anada Air Travel Down 70% Amid Trump's Trade War, '51st State' Aggression
Bookings for flights between the US and Canada have plummeted as President Donald Trump threatens tariffs on Canadian goods and challenges the country's sovereignty. Airline capacity between the neighboring nations has been reduced through October, aviation data firm OAG said on Wednesday, Mar. 26. Forward bookings between the US and Canada are down more than 70% compared to 2024. The most significant cuts are hitting peak travel months in July and August, when millions of Canadian tourists traditionally head south of their border. "For all scheduled airlines operating…
News
Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically
President Donald Trump has imposed a 25% tariff on all foreign-made autos, the latest in a chaotic series of tariff threats and trade war escalations that have fueled significant economic turmoil and anxiety. Trump signed an executive order to place the tariffs on cars and light trucks at the White House on Wednesday, Mar. 26. The tariffs go into effect Wednesday, Apr. 2, and the US will begin collecting duties on the following day. The measure builds on the existing 2.5% auto tariffs, which Trump has claimed would generate more than $100 billion in new annual revenue for the…
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