Canadian officials and business leaders seemed relieved earlier Monday when it became clear the Trump administration wasn't going to impose 25% tariffs on Canadian goods on day 1 of its term, but anxiety returned after President Trump said from the Oval Office that the U.

Earlier in the day, cabinet ministers were careful not to declare victory after Trump was sworn into office without mentioning Canada at all, and with no sign of the punishing tariffs he's been threatening since the November election.

Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Finance Minister Dominic LeBlanc says Canada is prepared to respond to Donald Trump's tariff threats after the U.S. president hinted they will be coming Feb. 1.

Canada's response to the tariff threat will be at the centre of today's first ministers' meeting, which the premiers requested to get a better sense of what Ottawa has planned for the weeks ahead. Most of the 13 premiers will be in the nation's capital, while some will join the conversation virtually.

Canadian leaders expressed relief that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency.

Mr Trump had threatened to impose sweeping tariffs on Canada, Mexico and other trading partners. Still, Mr Trump pledged in his inaugural address that tariffs would be coming and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers.

Ford says the actual number of Ontario jobs affected by the tariffs will depend on what sectors are targeted, but the ministries have told him it could be between 450,000-500,000.

Canada is prepared to impose retaliatory tariffs on the U.S. if Trump eventually moves ahead with any trade action. Officials have already drawn up a plan that will levy immediate tariffs on $37-billion worth of American goods if Trump moves against Canada.

Finance Minister Dominic LeBlanc said Canada is "absolutely" prepared if President Donald Trump levies 25 per cent tariffs against Canada next month. Ottawa has potential response scenarios at the ready,

Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump's presidency, but Trump later said he could impose a 25% tariff on Canada and Mexico on Feb.

President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.