Mark Carney hails US court's decision against Donald Trump's tariffs on Canada. The court deemed the tariffs unlawful. Carney notes the ruling supports Canada's stance. He cautions that trade relations face ongoing threats from other US protectionist measures.

The Canadian dollar strengthened against its U.S. counterpart on Thursday as some investors doubted a U.S. court ruling would change the outlook for U.S. tariffs and after domestic data showed that the current account deficit narrowed in the first quarter.

And with wedding season in full swing, couples tying the knot this summer might need to brace for a steeper bill, thanks to tariffs.

The U.S. Court of International Trade declared late Wednesday that President Donald Trump overstepped his authority when he invoked the International Economic Emergency Powers Act to impose tariffs on dozens of countries including Canada.

National Economic Council Director Kevin Hassett said the administration is not yet pursuing alternative options for imposing sweeping tariffs a day after a court blocked some levies on imports in a stunning setback to President Donald Trump’s trade agenda.

Trump's tariffs on imported vehicles and parts are driving up car prices, and the average cost of U.S.-made cars is $53,000, higher than the $49,000 industry average.

Futures tied to Canada's main stock index rose on Thursday, as investors cheered a U.S. court's ruling to block U.S. President Donald Trump's April 2 tariffs and strong earnings by domestic banks.

SINGAPORE] Sky-high reciprocal tariffs may converge on the baseline rate of 10 per cent after US talks with trading partners – though not for China, which will still face higher rates, said Citigroup’s global chief economist Nathan Sheets.