AGP Executive Report
Last update: 11 minutes agoU.S.-Canada Trade War Escalates: Talks collapsed late Friday and the U.S. imposed 50% tariffs on about $20B (roughly 5% of exports) of Canadian goods, hitting items from hockey gear and wine to cement and electronics. Retaliation Plan: Prime Minister Mark Carney says Canada will match “dollar-for-dollar” starting Sept. 8, targeting U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, after he called Washington’s last-minute demands “uneconomic” and “unfair.” Political Fallout: Ontario Premier Doug Ford backed Carney’s walk-away, urging premiers to stay united, while B.C. Premier David Eby called the tariffs “inexplicable and indefensible” and said “no deal is better than a bad deal.” Inflation Watch: Canada’s July inflation reaccelerated to 3% as gas prices jumped, but economists say the bigger risk is looming trade fallout rather than a broad price spiral. Local Update: The RM of St. Louis will upgrade a 5.7-km stretch of River Road on the Trans Canada Trail, improving accessibility and safety with a $60,000 grant.
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