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trade war

After a day of elation, markets slide as U.S.-China trade war escalates

Wild swings in financial markets reflect uncertainty created by Trump’s push to remake the global trading system and isolate China
U.S. President Donald Trump speaks next to Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth and Commerce Secretary Howard Lutnick during a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. REUTERS/Nathan Howard
opinion

Donald Trump is Wall Street’s Frankenstein, and the billionaires have lost control of their creation

Rita Trichur
Rita Trichur
election 2025

Israeli Prime Minister Netanyahu rebukes Mark Carney over Gaza comment at rally

Netanyahu is calling on Carney to retract what he called an irresponsible statement the Liberal Leader made in Calgary on Tuesday
Canada's Prime Minister Mark Carney holds a Liberal Party election campaign rally in Calgary, Alberta, Canada April 8, 2025. REUTERS/Todd Korol

Conservative Party distances itself from supporters questioning election polls

opinion

Trump’s chaotic rule means we need a growth strategy more than ever. Somebody tell our political leaders

Andrew Coyne
Andrew Coyne
alberta

MHCare, tied to allegations involving the Alberta government, says it is being unfairly attacked

MHCare’s letter marks the first time the company has meaningfully addressed accusations that Danielle Smith’s government tilted AHS’s contracting in their favour
Alberta Premier Danielle Smith provides an update on what steps the government is taking related to allegations by former Alberta Health Services CEO Athana Mentzelopoulos, in Calgary, Alta., Wednesday, Feb. 19, 2025.THE CANADIAN PRESS/Jeff McIntosh
retail

Bids for Hudson’s Bay may include company insider, according to document

Bidders have until April 30 to submit final binding sale proposals and investment proposals, and until May 1 to submit bids for leases
People walk past the Hudson’s Bay store on Granville and Georgia in Vancouver, B.C. on April 1, 2025. All but 6 locations across Canada, including this one, will be liquidated in an attempt to save the company from bankruptcy. [Isabella Falsetti/Globe and Mail]
Screen time

Real-life ER doctors on the appeal of The Pitt: ‘This show actually gets it’

Amid an extremely crowded class of new hospital-set entertainment options, HBO Max’s Noah Wyle-fronted entry is best in show
This image released by Max shows Noah Wyle, left, Mackenzie Astin and Rebecca Tilney, right, in a scene from "The Pitt." (Warrick Page/MAX via AP)

From The Pitt to Pulse, Canadian showrunners are giving Americans a taste of their own medicine

Kelly Nestruck
Kelly Nestruck

More top stories

US President Donald Trump delivers remarks on reciprocal tariffs as US Secretary of Commerce Howard Lutnick holds a chart during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025. Trump geared up to unveil sweeping new "Liberation Day" tariffs in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
analysis

A bold prediction: Canada may yet thrive in Donald Trump’s world trade war

Victor Cui
Podcast logo for The Decibel, the daily show from The Globe and Mail.
Podcast

Global markets reel from tariff whiplashPodcast

Business and Finance

Greater Toronto home sales soared 37 per cent last month compared with the same month a year ago as lower borrowing costs associated with fixed-rate mortgages lured some buyers back to the market. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

The best fixed and variable mortgage rates in Canada for April 10, 2025

Telus dropped 3,300 net jobs in 2024, CEO earnings decline

Telus headquarters in downtown Vancouver, B.C. framed by cherry blossoms on April 1, 2025. Several of Canada’s largest telecom companies have recently begun selling stakes in their infrastructure to monetize their existing assets and combat debt. [Isabella Falsetti/Globe and Mail]

Alberta restructures utilities rules ahead of major power market overhaul

Power transmission lines are seen with the Rocky Mountains in the background near Pincher Creek, Alta., Thursday, June 6, 2024.

TC Energy CEO touts Asia as key to Canada’s economic diversification away from U.S.

The LNG Canada industrial energy project is seen under construction in Kitimat, B.C., on Wednesday, September 28, 2022. THE CANADIAN PRESS/Darryl Dyck

RBC CEO says Canada must seize opportunity from tariff threat to reshape its economy

RBC's CEO Dave McKay poses for a photograph at RBC's offices on Queens Quay in Toronto on Friday, June 21, 2019. (Christopher Katsarov/The Globe and Mail)

Opinion and analysis

Why earning and burning your credit card loyalty points matter

Barry Choi
Barry Choi

To improve your listening skills, focus on your ‘why’

Harvey Schachter
Harvey Schachter

What to do about your investments with stocks and bonds in disarray

Rob Carrick
Rob Carrick

Understand the taxman’s view of failing to report gig income

Tim Cestnick
Tim Cestnick

Did anyone even ask for Trump’s bonkers economic policies?

Kevin Yin
Kevin Yin

Chart to watch

decoder

Canadians are leading the charge on a tanking U.S. travel industry

Airport arrivals and vehicle traffic flows show the extent to which international travellers, especially Canadians, are avoiding the U.S.

Why tariffs may mean Canadians could pay more for some Canadian brands at home

April 9, 2025 — People walk by Aritzia on Robson St in Vancouver, B.C. Canadian retailers including Aritzia and Lululemon are projected to increase their prices in response to U.S. tariffs. [Isabella Falsetti/Globe and Mail]

Multiple potential Hudson’s Bay bidders interested in sale

HAMILTON, CANADA - MARCH 20: The exterior of a Hudson's Bay store on March 20, 2025 in Hamilton, Canada. The fate of Canada's oldest company is uncertain as an Ontario judge granted an extension on its liquidation plan until March 21. (Photo by Katherine KY Cheng/Getty Images)

If your adviser is telling you to delay retirement because of market volatility, that adviser may not be right for you

Adam Chapman of Yes Money in his office in London, Ont., Wednesday, March 5, 2025. THE GLOBE AND MAIL/Nicole Osborne

In negotiating with Trump, flattery and playing hardball both work, but leverage is key

MIRAMAR, FLORIDA - MARCH 28: A billboard displays a message reading 'tariffs are a tax on your grocery bill' on March 28, 2025 in Miramar, Florida. The Canadian government has placed the anti-tariff billboards in numerous American cities in what they have described as an “educational campaign” to inform Americans of the economic impacts of tariffs. (Photo by Joe Raedle/Getty Images)

Life and Arts

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Video

Ontario Premier Doug Ford meets with Utah governor over tariffsVideo1:56

Canada's former top trade negotiator says Trump tariff reversal shows pressure worksVideo1:13

U.S.-Russian dual national Ksenia Karelina released in prisoner swap between Moscow and WashingtonVideo0:39

NDP leader worried about the message being sent to children after MLA called him terroristVideo1:57

Wes Anderson and Ari Aster to compete at Cannes Film FestivalVideo1:21

Pakistan's textile industry eyes opportunity in U.S.-China tariff warVideo1:37

Global stocks roar higher after Donald Trump pauses most tariffsVideo2:21

Trump pauses tariffs for most countries, raises them for ChinaVideo1:04

Trending

B.C. RCMP shut down fentanyl production labs in the Lower Mainland after two-year investigation

Opinion

Trump risks transforming the United States into an economic backwater

Konrad Yakabuski

Majority of Canadians tap Carney as best to negotiate with Trump: poll

Canadians on their travel plans: Done with Disney, no to New York

Trump’s chaotic rule means we need a growth strategy more than ever. Somebody tell our political leaders

B.C. premier tells government to cancel American contracts ‘wherever viable’

Two killed when house on small British Columbia island collapses

Justin Rose steals the Masters show and builds three-shot lead over Scottie Scheffler

In case you missed it

opinion

Blackstone CEO must disavow Trump to buy Canadian wireless infrastructure

Andrew Willis
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump, Chairman and CEO of the Blackstone Stephen Schwarzman and Mike Johnson, Speaker of the House of Representatives, attend the 79th annual Alfred E. Smith Memorial Foundation Dinner in New York City, U.S. October 17, 2024. REUTERS/Brendan McDermid/File Photo

How the Kids in the Hall’s Mark McKinney landed the role of Mark Carney on 22 Minutes

Mark McKinney as Prime Minister Mark Carney in CBC-TV’s “This Hour Has 22 Minutes”

Trump doubles down on tariffs despite warnings on Wall Street

Traders work in the S&P options pit at the Cboe Options Exchange in the Chicago Board of Trade Building in the Loop, Monday, April 7, 2025. (Ashlee Rezin/Chicago Sun-Times via AP)

Carney defends carbon levy payout to households as a bridge to new tax cut

Canada's Prime Minister Mark Carney speaks at the Sea Cider Farm & Ciderhouse during his Liberal Party election campaign tour in Saanichton, British Columbia, Canada April 7, 2025. REUTERS/Kevin Light

Sections

Canada

NDP Leader Jagmeet Singh attends a rally at the campaign office of NDP candidate Rachel Loewen Walker, centre right, in Saskatoon on Wednesday, April 9, 2025. THE CANADIAN PRESS/Christopher Katsarov

NDP argues Carney’s budget plan would lead to $43-billion in cuts in three years

Former B.C. MLA launches CentreBC party, wants to ‘push back’ against polarization

obituary

R&B singer George Olliver was known for dizzying dance moves and soulful yelps

World

U.S. Health Secretary Robert F. Kennedy Jr. and Secretary of the Interior Doug Burgum attend a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. REUTERS/Nathan Howard

U.S. will know cause of autism epidemic by September, Health Secretary RFK Jr. says

Pressed for evidence against Khalil, U.S. government cites power to deport people for beliefs

Judge allows requirement that everyone in the U.S. illegally must register to move forward

Politics

B.C. Conservative Leader John Rustad speaks to reporters following the throne speech at the legislature in Victoria, Tuesday, Feb. 18, 2025. THE CANADIAN PRESS/Chad Hipolito

Politicians need to be paid more, B.C. Conservative Leader Rustad says

Politics Insider: Carney says he’s never heard of pro-Beijing lobby group despite photos with its leadership

U.S. Ambassador to Ukraine Bridget Brink stepping down, State Department says

Sports

AUGUSTA, GEORGIA - APRIL 10: Corey Conners of Canada plays his shot from the fourth tee during the first round of the 2025 Masters Tournament at Augusta National Golf Club on April 10, 2025 in Augusta, Georgia. (Photo by Harry How/Getty Images)

Canadian Corey Conners birdies his last two holes, sits in second place at Masters

WNBA salaries still an issue with Paige Bueckers set to earn about what Caitlin Clark did

Vladimir Guerrero Jr. salaries front-loaded in $500-million, 14-year contract with Blue Jays

Style Advisor

Four Pillars Distillery

France and beyond: These are the best wineries and distilleries to visit abroad

A big question facing luxury brands: Are you a customer or an influencer?

Why fragrance is the ultimate travel souvenir

Health & Fitness

File #: 10060150 Silhouette woman run under blue sky with clouds and sun Credit: iStockphoto (Royalty-Free) Keywords: Running, Jogging, Women, Exercising, Sport, Silhouette, Female, Outdoors, Marathon, Leg, Athlete, Sun
strength & fitness

Taking your run from the treadmill to the road? A former Olympic runner shares her tips

food for thought

Opting for microgreens over lettuce amid tariff war? Here’s how they stack up

Leslie Beck

Are functional mushrooms the secret weapon for well-being?

Real Estate

New single family houses billed as estate cottages and townhouses under construction are seen in an aerial view, in Delta, B.C., on Monday, Aug. 12, 2024. THE CANADIAN PRESS/Darryl Dyck
opinion

B.C. developers push back on foreign buyer restrictions

Kerry Gold
the next move

Toronto-area homesellers face a barrage of low-ball bids

Carolyn Ireland
done deal

Snowstorms, tariff talk reduce traffic to updated home near Eglinton and Caledonia

Drive

Steel is back, in beefy steel bumpers front and back and that heavy under-armour.
car review

Off-road upgrades add more sport to Ford’s baby Bronco

EV industry could add $104-billion to Canada’s economy by 2040, report forecasts

How Trump’s tariffs land in a British carmaking town

Environment and Climate Change

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Discover inspiring events, unmissable trips and empowering courses from The Globe and Mail. Find all events and courses here.

Canada’s health information institute pushing for countrywide standardization of patient data

A paramedic is seen outside ambulances parked at the entrance to the emergency department at Richmond General Hospital, in Richmond, B.C., Sunday, Nov. 27, 2022. THE CANADIAN PRESS/Darryl Dyck

How transparent is your city? Audit of freedom of information requests finds vast differences

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