National Business

NEW YORK (AP) — Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe set of tariffs , and the U.S. stock market is taking the worst of it so far. The S&P 500 was down 4.

WASHINGTON (AP) — President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods. What he's actually imposing is based on far more complicated math.

TORONTO — Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.

HALIFAX — Premiers in the Atlantic region say that despite Canada being left out of the latest round of global U.S. tariffs, they need to hold the line in the face of growing economic uncertainty. On Wednesday, U.S.

OTTAWA — The country's merchandise trade balance fell to a deficit of $1.5 billion in February as exports fell, Statistics Canada said Thursday. The federal agency said the result compared with a surplus of $3.1 billion in January.

Dollarama Inc. says its business stands to be shaken but not upended by counter-tariffs Canada has applied to goods coming in from the U.S.

MONTREAL — Montreal-area home sales continued rising in March compared with the same month a year ago. The Quebec Professional Association of Real Estate Brokers says 4,975 homes in the region changed hands last month, up 11.

TORONTO — Stock markets in Canada and the U.S. plunged in midday trading as investors reacted to the latest tariffs from U.S. President Donald Trump, while the loonie climbed higher compared with the U.S. dollar.

TORONTO — Canadian apparel companies including Aritzia and Lululemon saw their stock prices slide in late-morning trading as investors reacted to the sweeping new tariffs announced by U.S. President Donald Trump on Wednesday.

TORONTO — Ontario Premier Doug Ford says he was relieved to see Canada is not facing any of U.S. President Donald Trump's new "reciprocal" tariffs, but he is still very concerned about the province's auto sector.