Trade War Escalates: Tariffs Hit Canadian Auto, Oil Markets Surge, and Lake Renaming Drama

US-Canada Trade War Deepens as 50% Tariffs Loom

• The US-Canada trade war has escalated significantly, with President Donald Trump proposing an additional 50% tariff on Canadian car imports scheduled for January 1, 2027. This move targets key sectors including autos, steel, and lumber, with a recent additional 50% levy on about C$28 billion of Canadian goods. The trade dispute has prompted Canada to implement "dollar-for-dollar" retaliatory tariffs on American goods. Ontario...