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It’s Tuesday, Aug. 25. Here are the top stories we’re following today. Canada retaliates with dollar-for-dollar counter-tariffs on U.S. products U.S. imports that will be hit with 15, 25 and 50 per cent tariffs effective Sept. 8, include dishwashers, refrigerators, video game consoles, fish, cheese, beauty products, plywood, paper products and clothing. Ottawa also announced…

Total consumer debt in Canada rose to a record of over $2.6 trillion in the second quarter as more Canadians fell behind on payments, according to two of the largest consumer credit reporting agencies. Equifax Inc. said in its consumer credit report that debt among Canadian consumers is up 4.18 per cent in the quarter…

U.S. President Donald Trump has accused Prime Minister Mark Carney of lying about the terms of the failed trade deal with Canada in a Tuesday social media post. On Truth Social , Trump wrote: “I would never interfere with Canadians speaking French! In fact, I have never even thought of doing such a stupid thing.”…

The Toronto Police Service says its hate crimes unit is investigating an incident that occurred Sunday in Toronto, when a man with a megaphone was recorded allegedly making antisemitic comments near Bathurst Street and Sheppard Avenue West, a predominantly Jewish neighbourhood in the north of the city. Videos shared on social media show the man…

WASHINGTON, D.C. — Ottawa and Washington have been engaged in a rhetorical tit-for-tat over tariffs since talks broke down and the U.S. imposed Section 338 duties on hundreds of Canadian imports over the weekend. Prime Minister Mark Carney explained why he pulled his team back and promised retaliatory tariffs , while President Donald Trump posted…

Fifty per cent tariffs on billions of dollars of Canadian goods went into effect over the weekend after Canada-United States trade talks collapsed on Friday. The list of targeted goods features a diverse range of items, from natural honey to hockey sticks, jewellery, cut flowers, wine and a variety of other goods, many produced by…

OTTAWA — The federal government announced it will match tariffs dollar for dollar on U.S. products on Tuesday, marking a tit-for-tat escalation in the trade conflict with Canada’s largest trading partner. Canada will impose 15, 25, and 50 per cent tariffs on products drawn from those targeted by U.S. Section 338 and Section 232 tariffs,…

With the recent and dramatic blowup of trade tensions between the United States and Canada, it’s easy to forget that an interest rate decision is just days away. The Bank of Canada will announce its rate on Wednesday, Sept. 2, and while a hold is almost certain, the storm brewing between Ottawa and Washington could…

U.S. President Donald Trump says his administration is giving “serious consideration” to changing the name of Lake Ontario to Lake America . In a Truth Social post on Tuesday morning, the president wrote, “The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect…

U.S. tariffs that went into effect on Saturday are likely to slow Canada’s economic growth, but it’s the risk of escalation on both sides of the trade war that poses a bigger threat to country’s outlook, economists said Monday. Minutes before Friday’s midnight deadline for a deal to avert the new 50 per cent U.S.…