OTTAWA 鈥� U.S. President Donald Trump has imposed tariffs on imports from Canada and Mexico 鈥� a 25 per cent across-the-board levy, with a lower 10 per cent charge on Canadian energy 鈥� triggering a continental trade war.
Here is the latest news (all times eastern):
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6:05 p.m.
Saskatchewan Premier Scott Moe's office says the province is seeking clarification on U.S. President Donald Trump's pause on imposing tariffs on some Canadian goods.
His office says while any easing of tariffs is welcome, there is still ongoing uncertainty that is hurting businesses and consumers in both Canada and the United States.
It says Saskatchewan's countermeasure of no longer buying U.S. alcohol is to remain in effect.
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6 p.m.
The Manitoba government says it will now have to approve any major power agreements between Crown-owned Manitoba Hydro and utilities in the United States.
The NDP government has issued a directive to Manitoba Hydro that says cabinet approval is now needed for any new major power purchase or export contract, or any extensions or cancellations of existing deals.
Premier Wab Kinew says the ongoing threats of tariffs from U.S. President Donald Trump require pushback, and the new directive is one tool.
Manitoba is not going as far as Ontario, which is applying a 25 per cent extra charge on electricity shipped to 1.5 million Americans.
Kinew says he's not ruling out further measures but is also keeping in mind the money and jobs that are tied to energy exports.
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5:40 p.m.
The Canadian Chamber of Commerce says the U.S. delaying some tariffs is no cause to celebrate.
In a statement, the chamber's executive vice-president and chief of public policy, Matthew Holmes, said "the economy is not a toy to play with" and the constant threats and economic uncertainty have taken their toll.
Holmes says the chamber and a delegation of leading Canadian companies are in Washington this week in an effort to safeguard supply chains and strengthen Canada-U.S. relations.
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4 p.m.
British Columbia Premier David Eby says retaliatory measures taken by Canadian jurisdictions against the United States should not stop until U.S. President Donald Trump 鈥渢akes the (tariff) threat off the table鈥� completely.
Speaking in Victoria, Eby says the province is set to introduce legislation in the coming days that would give British Columbia the ability to toll U.S. commercial trucks going through the province to the state of Alaska.
Eby says that despite the pause on some tariffs for another month, he believes liquor from U.S. 鈥渞ed states鈥� should stay off Canadian shelves until the threat is gone in order to 鈥渆nsure that the Americans understand how pissed off we are.鈥�
Eby says the new legislation would also give B.C. the ability to rapidly respond to any moves made by the Trump White House, adding that the on-again, off-again tariff threat is a 鈥渄eliberate tactic鈥� to weaken Canadian resolve.
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2 p.m.
The Great Lakes and St. Lawrence Cities Initiative says Montreal Mayor Val茅rie Plante and St. Catharine's, Ont., Mayor Mat Siscoe have been denied accreditation for a meeting at the White House on Friday.
The two mayors are in Washington, D.C., for meetings of the initiative, a group of municipal and Indigenous government leaders who represent the region on both sides of the border.
A spokesperson for the cities initiative says the names of Plante, Siscoe, and a mayor from an American city were submitted ahead of Friday's meeting, scheduled as part of the annual Great Lakes Day event in Washington.
The group says it was informed on Wednesday that due to diplomatic protocol, there wasn鈥檛 enough time to process the requests of the Canadian mayors. Three American mayors will attend the meeting instead.
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11:42 a.m.
Ontario Premier Doug Ford says starting Monday, the province will charge 25 per cent more for electricity shipped to 1.5 million Americans in response to U.S. President Donald Trump's tariffs.
Ford has previously said he would also be willing to cut off Ontario's electricity supply to several U.S. states if Trump's tariffs persist.
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11 a.m.
U.S. Commerce Secretary Howard Lutnick says it's likely President Donald Trump will pause the tariffs on Canada and Mexico until April 2.
Lutnick told CNBC this morning he expects there will be an agreement today on goods that are compliant with the Canada-U.S.-Mexico Agreement.
On Wednesday, he told Fox News that Trump was "leaning towards coming up with an idea" that allows a tariff exclusion for Canadian and Mexican markets that are in compliance with the free-trade deal.
That comment came just before the White House confirmed Trump had agreed to pause tariffs for the auto sector on vehicles made through CUSMA.
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10:04 a.m.
Andrew DiCapua, principal economist at the Canadian Chamber of Commerce, says Statistics Canada's merchandise trade report demonstrates how U.S. President Donald Trump's tariff talk shook up trade flows even before they landed.
DiCapua says U.S. buyers have been scrambling to stock up on Canadian goods, pushing exports higher as they rushed to beat the tariffs.
He says inventory stockpiling could backfire if the tariffs don鈥檛 last, but given the chaos, that seems unlikely.
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9:40 a.m.
Stock markets in Canada and the U.S. plunged at the start of trading, giving up the gains they made Wednesday after the U.S. said it would delay tariffs on the auto sector.
The S&P/TSX composite index was down 276.57 points at 24,594.25 shortly after the start of trading at 9:30 a.m.
In New York, the Dow Jones industrial average was down 533.58 points at 42,473.01. The S&P 500 index was down 90.52 points at 5,752.11, while the Nasdaq composite was down 317.71 points at 18,235.02.
The Canadian dollar traded for 69.68 cents US compared with 69.59 cents US on Wednesday.
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8:30 a.m.
Statistics Canada is reporting the country's merchandise trade surplus rose to $4.0 billion in January, as both exports and imports surged in the face of tariff threats.
The largest surplus since May 2022 followed a revised surplus of $1.7 billion in December. The initial forecast for the final month of 2024 had been for a surplus of $708 million.
Statistics Canada says total exports increased 5.5 per cent in January to reach a record of $74.5 billion. Total imports rose 2.3 per cent to $70.5 billion.
In volume terms, total exports rose 4.5 per cent in January, while total imports gained 1.5 per cent.
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6:15 a.m.
U.S. stock markets were set for another day of volatile trading after rallying Wednesday on news that President Donald Trump would delay tariffs for a month for vehicles coming to the U.S. through the Canada-U.S.-Mexico Agreement on trade.
Futures pointed to a negative open for stocks in the U.S. today, with other sectors clamouring for exemptions and still more tariff deadlines to come.
White House Press Secretary Karoline Leavitt has said Trump is open to other carve-outs.
The temporary reprieve for autos came a day after the U.S. imposed sweeping levies on Canadian and Mexican goods.
This report by The Canadian Press was first published March 6, 2025.
The Canadian Press
