U.S. President Donald Trump said on Tuesday that he is "probably so" going to reduce the recently increased tariffs on Canada after Ontario suspended a surcharge on electricity exports to the United States.

President Donald Trump on Tuesday threatened a sharp escalation in the budding trade war with Canada in retaliation for Ontario’s export surcharge on US electricity.

Incoming Canadian Prime Minister Mark Carney said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after U.S. President Donald Trump threatened historic financial devastation for Canada.

Nearly all economists surveyed anticipate a seventh straight rate reduction as policy uncertainty hits business confidence.

Former central banker Mark Carney will become prime minister of Canada after the governing Liberal Party elected him its leader Sunday in a landside vote.

Mark Carney, a former investment banker at Goldman Sachs (GS) has become Canada’s new prime minister, succeeding outgoing leader Justin

Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future.

"That transition will be seamless and it will be quick," Carney said after meeting Trudeau, who is stepping down after more than nine years in power.

Police in Canada are searching for a suspected shooter after at least 12 people were injured in a shooting outside a Toronto pub, authorities said on Friday.

Morgan Harris was one of the Indigenous women slain by Jeremy Skibicki, who is serving multiple life sentences after being convicted of four murders last year.