Trade War Tightrope: Carney Calls U.S. Bans 'Modest' as Credit Rating Looms

Prime Minister Mark Carney labelled the latest U.S. trade bans on Canadian goods as "modest" measures, signalling that Ottawa won't immediately retaliate despite the deepening trade war. The comments, made during his cabinet retreat in Banff, came as Washington expanded its import restrictions on alcohol, whey proteins, motorcycles, and dairy products, set to take effect September 29.

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The escalating tariffs are putting a cloud over Canada's...