Economists expect the Bank of Canada to make a second consecutive policy rate cut this week due to a slowing economy and high joblessness.

U.S. tariffs on key Canadian goods and weakening global demand triggered a sharp pullback in exports in the second quarter of 2025, according to new data released by Statistics Canada.

Prime Minister Mark Carney said one of the budget plan’s targets is to double the level of exports to non-U.S. markets within a decade.

Canadian Prime Minister Mark Carney says he's setting a goal for the country to double its non-U.S. exports in the next decade, saying Canada’s former strengths based on close ties to the United States have become vulnerabilities.

"Is the new 10% tariff on imports from Canada related to the fentanyl emergency or the reciprocal trade emergency or are hurt feelings also now a national emergency?"

The Bank of Canada will reduce its overnight interest rate by 25 basis points on October 29 for a second consecutive time to support a weak economy under threat from U.S. tariffs, according to a majority of economists polled by Reuters.

Air Canada has announced that economy passengers on all flights will be served complimentary beer, wine, and snacks starting this fall.

Canada’s Prime Minister Mark Carney said he plans to meet his Chinese counterpart Xi Jinping later this week when both leaders are at a summit in South Korea, aiming to firm-up relations with the world’s second biggest economy while long-standing ties with the US fray.