Canada's Trade War Deepens as New Tariffs Hit and Carney Pivots to Global Investors

New U.S. tariffs of up to 50 percent on nearly $20 billion of Canadian goods took effect Tuesday, as Washington presses on in its trade war with Ottawa. Prime Minister Mark Carney responded by pitching Canada to dozens of global investors in Toronto, highlighting 160 projects he says are key to steering the economy through the dispute.

Off the Record

Behind the headlines, municipalities are quietly panicking. Calgary projects tariff costs reaching **$466...