Trade Tensions Escalate as Canada Slaps Tariffs on $28 Billion in US Goods

Trade tensions between Canada and the US are escalating as Canada's counter-tariffs on nearly $28 billion worth of US products are set to take effect on Tuesday. The move follows a breakdown in trade talks last month, which led to the imposition of fresh tariffs by the Americans on some $28 billion in Canadian goods.

Meanwhile, Scotiabank will hold its annual global banking and markets financial summit starting on Wednesday, where top executives from across the banking and financial services sector are expected to share their insights amidst growing concerns about the Canadian economy.