National Business

OTTAWA — Industry Minister François-Philippe Champagne directed his department on Wednesday to prioritize investments in projects that primarily use Canadian steel and aluminum — part of Ottawa's reply to the Trump administration's trade war.

In one of history's little-known ironies, the Maple Leaf country pushing back against Donald Trump’s annexation bid is also host to a tiny, remote restaurant and brothel that helped launch the U.S. president's family fortune more than 100 years ago.

OTTAWA — Many consumer goods could be up to 25 per cent more expensive in Canada due to retaliatory tariffs against the U.S. — including the kitchen sink. Matching 25 per cent tariffs on $29.

Russian President Vladimir Putin said Thursday that he agrees in principle with a U.S. proposal for a 30-day ceasefire in Ukraine, but the terms need to be worked out, and he emphasized that it should pave the way to lasting peace.

SAULT STE. MARIE, Ont.

MONTREAL — The head of Transat A.T. Inc. says Canadians' appetite for travel remains unsated even as pocketbook worries grow amid a trade war with the United States.

TORONTO — Canada's main stock index fell almost 150 points while U.S. markets were also down in late-morning trading Thursday. The S&P/TSX composite index was down 146.50 points at 24,276.84.

WASHINGTON — U.S. President Donald Trump's choice for United States ambassador to Canada is facing tough questions in his Senate nomination hearing today, as the relationship between the two countries is strained by tariffs and threats of annexation.

WASHINGTON (AP) — U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now. But the progress may not last as President Trump intensifies his trade wars .

BRUSSELS (AP) — Belgian federal prosecutors on Thursday announced the arrests of several people in a corruption probe linked to the European Parliament and the Chinese company Huawei, which is suspected of bribing EU lawmakers.