Canada's retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday. Retail sales - closely watched by economists as they give an indication of GDP trends - had held up fairly strongly in the last two months,

President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.

Our automotive industries are deeply connected; our workers share the same struggles. Yet today, that relationship is under threat from a wave of U.S. tariffs that are hurting Canadian workers. Indeed, the tariffs hurt American workers too, including U.S. auto workers.

Local businesses are bracing for the impact of President Donald Trump's sweeping retaliatory tariffs, set to take effect next week.

Trump recently said he will impose a 35% tariff on Canada, the latest salvo in his on-again, off-again trade war with the U.S. ally and top trade partner.

Canada pushes for a trade deal as President Donald Trump plans to impose a 35 percent tariff on Canada on August 1.

Canada pushes for a trade deal as President Donald Trump plans to impose a 35 percent tariff on Canada on August 1.

Uncertainty about US President Donald Trump’s trade policy is curbing Canadian business investment and consumer spending, even though firms see the economy avoiding a bad recession, central bank surveys show.