The Canadian market settled flat on Thursday as investors made cautious moves while assessing the impact of U.S. President Donald Trump's 25% tariffs on imported vehicles effective April 3rd, and the impending announcement of reciprocal tariffs.
Trump also posted on his Truth Social Platform that he will impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.