National Business

Two of Ontario’s main party leaders focused their attention south of the border Friday with American tariffs possibly hours away, while a third set her sights on shoring up local votes with transit pledges.

TORONTO — Stock markets and the Canadian dollar fell Friday as it became increasingly likely that U.S. President Donald Trump would impose tariffs starting Feb. 1.

The federal government says it is deferring the implementation of a hike to the capital gains inclusion rate to next year and plans to introduce new exemptions to ensure most middle-class Canadians do not pay more tax if the rate becomes official.

TORONTO — RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada's Big Six banks represented in the group.

Canadian journalism organizations are having to wait a bit longer for their share of the $100 million Google agreed to pay news outlets to be exempt from the Online News Act.

OTTAWA — Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau's consumer carbon pricing regime but will keep industrial pricing in place.

WASHINGTON (AP) — President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said, but it provided no word on whether there would be any exemptions

VANCOUVER — Nearly 1.4 million BC Hydro customers lost their power last year due to weather-related events, setting an all-time record for the utility.

WASHINGTON (AP) — President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said on Friday, but it provided no word on whether there would be any

OTTAWA — Liberal leadership candidate Chrystia Freeland says Ottawa should target Tesla vehicles and U.S. alcohol as part of its tariff retaliation package to send a message that an attack on Canadian trade would not be cost-free for Trump's allies.