Monday, March 10, 2025
HomeMoney SavingRight here’s the newest because the U.S. imposes tariffs on items from...

Right here’s the newest because the U.S. imposes tariffs on items from Canada and Mexico


The Nova Scotia Federation of Labour says the tariffs signify an unprecedented problem to the province’s workforce.

In a media assertion, federation president Danny Cavanagh says Nova Scotia has hundreds of staff employed in export-oriented industries, together with lumber, seafood, Christmas timber, paper merchandise and tires from three Michelin vegetation.

These industries now face a extreme aggressive drawback within the U.S. market, he says, including that the Nova Scotia authorities ought to present employment insurance coverage extensions, assist packages for susceptible exporters and provincial subsidies to assist employers shield jobs if there’s a extended financial downturn.

“These tariffs will not be simply numbers on paper; they signify a right away risk to the livelihoods of hundreds of Nova Scotian staff and their households,” Cavanagh says.


9:56 a.m.

Dan Kelly, president of the Canadian Federation of Impartial Enterprise (CFIB), says in a media assertion that provinces and territories urgently have to work collectively to take away interprovincial commerce limitations.

He calls on the federal authorities to recall Parliament and says the tariff cash it collects ought to be returned to affected companies.

Kelly additionally says he desires the federal government to cross laws to make sure carbon tax rebates are tax-free, to extend the lifetime capital features exemption threshold to $1.25M and to make sure the promised Canadian Entrepreneurs’ Incentive stays in place.

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