Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan, BBC.com reported. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship. Prime Minister Mark Carney said in response that Canada was ready "to continue to build on the progress we had been making" in trade talks, but added that it was developing trade relationships with other countries.

President Donald Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan, Bloomberg News reported. “TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Trump wrote on his Truth Social platform.

Prime Minister Mark Carney said on Friday that Canada stands ready to resume trade talks with the United States that President Donald Trump halted over an anti-tariff advertisement issued by Ontario's provincial government, Reuters reported. Trump terminated the talks on Thursday over the video which used Republican icon, former President Ronald Reagan, saying tariffs cause trade wars and economic disaster. In a late-night social media post, Trump called the ad fraudulent.

Motor vehicles and parts led retail sales increases for the month of August, according to new data from Statistics Canada, BNNBloomberg reported. For a third consecutive month, motor vehicle and parts dealerships showed an increase of 1.8 per cent. It was led by higher sales at new car dealers at a 2.3 per cent bump, followed by used car dealerships, which saw sales grow by 1.5 per cent. While auto sellers pressed the acceleration pedal in August, sales at gas stations and fuel vendors continued downhill with a decrease of two per cent.

Some former Hudson’s Bay employees have filed a class-action lawsuit seeking a share of the defunct retailer’s pension surplus, BNNBloomberg reported. The court filing was made on behalf of workers who were enrolled in a pension plan offered by Simpsons, a rival department store HBC bought in the 1970s. The takeover made HBC the administrator of the Simpsons pension plan, which had a surplus at the time. The court filing does not say how big the surplus was when the acquisition happened, but says annual pension statement reports HBC sent Simpsons workers showed that as of Jan.

Inflation in Canada quickened more than anticipated last month, touching a seven-month high as price pressures continue to simmer in the country, the Wall Street Journal reported. The consumer-price index rose 0.1% in September from the prior month and 2.4% from a year earlier, Statistics Canada said Tuesday. That was hotter than the 2.2% annual inflation economists had expected and marked the second straight month that inflation has accelerated, after picking up to 1.9% in August.

Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts, Reuters reported. Prime Minister Mark Carney is negotiating with U.S. President Donald Trump, who imposed tariffs on Canadian steel and aluminum. His team also met with Chinese counterparts last week in an effort to secure relief on Chinese tariffs on Canadian agricultural goods. Canada's economy has come under strain as the impact of tariffs on Canadian exports to the U.S.

The Christenson Group of Companies, which owes millions to Alberta seniors and their family members under life lease housing contracts, has entered creditor protection, CBC.ca reported. Court of King’s Bench Justice Colin Feasby approved an initial order under the Companies’ Creditors Arrangement Act (CCAA) on Friday. The order gives only 10 days of protection for now. Another hearing is scheduled at the end of the month to discuss the possibility of extending it into the future.

Canadian firms feel conditions are slightly better than earlier in the year but they are unlikely to boost investments or hiring given the dampening effect of U.S. tariffs, a Bank of Canada survey showed on Monday, Reuters reported. The quarterly business outlook survey is closely watched by the BoC and economists to gauge what Canadian firms expect in terms of inflation, sales and hiring.

The government of Canada is threatening to sue automaker Stellantis NV over its move to shift production of the Jeep Compass to Illinois from Brampton, Ont., The Globe and Mail reported. Industry Minister Mélanie Joly issued the warning in a letter to Antonio Filosa, chief executive officer of Stellantis, which on Tuesday unveiled a US$13-billion plan to boost auto production in the United States by 50 per cent over four years. Industry watchers say Stellantis is trying to avoid U.S.