The slouch was slight compared to the market reaction to Trump’s initial “Liberation Day” announcement of “reciprocal” tariffs on April 2.

Canada has made concessions to win goodwill with the White House. Trump, in return, has threatened steeper tariffs.

Canada and the European Union have agreed to deepen their security and defense relationship, as Ottawa seeks new partnerships to reduce its dependence on the United States under President Donald Trump.

The European Union hosts Canada for a summit on Monday designed to deepen their already close ties as both face increased geopolitical threats, including a more hostile U.S. president, Russia and Middle East instability.

The European Union will propose bilateral agreements with the UK and Canada as soon as the end of July, which would give them access to the bloc’s new €150 billion ($176 billion) loan fund for defense production,

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

Canada’s decision to rescind its digital services tax (DST) to restart trade negotiations with the U.S. represents a boon for major tech firms and could be a harbinger for similar measures in

The partnership was pitched as an effort to reduce Canada’s reliance on U.S suppliers, generate new business for domestic industry