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Economy, Law & Politics

North American stock markets sink for second day on tariff fears

North American stock markets sink for second day on tariff fears

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump's tariffs stir recession fears among investors. The S&P/TSX composite index closed down 1,142.
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Markets plunge with S&P 500 down 6% and Dow down 2,200 as their worst crisis since COVID deepens

Markets plunge with S&P 500 down 6% and Dow down 2,200 as their worst crisis since COVID deepens

NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
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Rob Shaw: B.C. finance minister blames the world—credit agencies blame her budget

Rob Shaw: B.C. finance minister blames the world—credit agencies blame her budget

Two credit rating downgrades in one week signal a loss of trust in the province’s financial management
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Economy posts biggest job loss since 2022 as U.S. tariffs begin to take their toll

Economy posts biggest job loss since 2022 as U.S. tariffs begin to take their toll

OTTAWA — March saw the Canadian economy post its biggest job loss since January 2022 as the uncertainty caused by U.S. tariffs started to take a toll.
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B.C. counters February losses, adding 6K jobs in March

B.C. counters February losses, adding 6K jobs in March

StatCan data reveals biggest gains were felt in province's health-care and technology sectors
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Leaders pitch savings bonds, GST-free Canadian cars to bolster tariff-struck economy

Leaders pitch savings bonds, GST-free Canadian cars to bolster tariff-struck economy

OTTAWA — The New Democrats and Conservatives both pitched ideas on the federal election trail Thursday to make Canada and its workers more resilient in the face of tariffs imposed by U.S. President Donald Trump.
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Prime Minister Mark Carney says Canada will match U.S. auto tariffs

Prime Minister Mark Carney says Canada will match U.S. auto tariffs

OTTAWA — Prime Minister Mark Carney said Thursday that Canada will hit back against U.S. President Donald Trump's 25 per cent auto tariffs with matching levies on vehicles imported from the United States.
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Vancouver mayor set to launch business task force amid tariff uncertainty

Vancouver mayor set to launch business task force amid tariff uncertainty

Task force will aim to ‘position Vancouver as the most competitive city in North America to start, grow and scale a business’
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Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across contin
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Victory bonds? Tax free cars? Canadian leaders answer tariffs with newish ideas

Victory bonds? Tax free cars? Canadian leaders answer tariffs with newish ideas

Canada's political parties issue new policy proposals in response to U.S. tariffs; some call for a modernization of 20th Century war-era programs
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