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Lumber futures rose to the highest in more than two and a half years after President Donald Trump ordered an investigation into shipments of the commodity into the U.S.

The long-promised tariffs scheduled to take effect March 4 would easily be among the most sweeping of the Trump era, applying to roughly $1.5 trillion in annual imports.

U.S. Treasury Secretary Scott Bessent said Mexico has proposed matching Washington’s tariffs on China and urged Canada to do the same.

Ontario Premier Doug Ford won re-election to lead Canada’s most populous province on Feb. 27, giving him the mandate he wanted to fight tariffs threatened by U.S. President Donald Trump.

President Donald Trump says he plans to impose tariffs on Canada and Mexico starting March 4, in addition to doubling the 10% universal tariff charged on imports from China.

TFI International reversed its decision to move its legal headquarters to the U.S., saying it was backing down after shareholders expressed opposition to the idea.

President Donald Trump said he expected tariffs planned to take effect on Canada and Mexico to go ahead next month following an initial delay.

Some 99% of executives surveyed across the U.S., Canada, Mexico and four Western European nations plan to boost spending on workforce safety and security technologies.

During TFI’s Q4 2024 earnings call with analysts Feb. 20, the company’s top executive said he did not expect any major acquisitions in 2025, after previously promising substantial ones.

While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.