Canada’s finance minister said the government kept 25% retaliatory tariffs on tens of billions of dollars in US goods, disputing a report from a research firm that suggested it had paused the vast majority of those levies.

The Bank of Canada will also release its preferred core inflation measures, which aim to strip out volatile price swings for a clearer view of underlying trends. In March, the BoC’s core CPI CPI rose 2.2% from a year earlier.

President Trump’s tariffs on auto parts are already causing job losses in Windsor, Ontario, the heart of an industry that makes components for vehicles bound for the United States.

Canada’s finance minister pushed back against claims that the country has largely abandoned its retaliatory tariffs on U.S. imports, stating that most of the levies remain in effect. Francois-Philippe Champagne said in a social media post Saturday that 70% of the countermeasures introduced in March are still active,

U.S. Treasury Secretary Scott Bessent will join fellow G7 finance ministers and central bank governors for the Tuesday-to-Thursday meeting in the Canadian Rocky Mountain resort town of Banff, Alberta. That puts disagreements over steep new tariffs imposed by Trump at the center of the discussions.

While many Canadian companies are hurting because of the trade war, some are booming as clients look for ways to avoid doing business in the U.S.

Manufacturers and service-sector companies alike are pondering increased costs due to President Trump's tariffs and how it will impact their ability to make money.

In fact, according to the FDA, more than 200 countries and territories supply approximately 32% of the fresh vegetables and 55% of the fresh fruit that we consume in the U.S. "So if these categories are subject to tariffs, consumers can expect prices to go up – and relatively quickly as these things are perishable," McGrath says.

Canada has temporarily paused some counter tariffs against the United States, but Finance Minister Francois-Philippe Champagne on Sunday pushed back agains

Ottawa: Canada's finance minister says the government is keeping 25% retaliatory tariffs on tens of billions of US dollars in US goods, disputing a report from a research firm that suggested it had paused the vast majority of those levies.

This week marked an important milestone in the state of trade between the United States and Canada. Since February, the United States and Canada have entered into a series of trade measures and countermeasures,