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Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the U.S.

While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.

Canada’s energy exports to the U.S. jumped at the end of last year, pushing the country’s trade surplus with its biggest customer to the highest in more than two years.

A candidate running to replace Justin Trudeau as Canada’s prime minister is calling for an international summit to develop a response to President Donald Trump’s economic threats.

President-elect Donald Trump has justified his threat of 25% tariffs on Canada by pointing to the U.S. trade deficit. Top Canadian economists say it’s all because the U.S. wants cheap oil.

Canada’s trade surplus with the U.S. widened as did its deficit with the rest of the world, underscoring the major role its biggest trading partner and southern neighbor plays in its economy.

Canada’s trade surplus with the U.S. helped avoid a deeper deficit, underscoring the importance of its biggest trading partner as President-elect Donald Trump threatens hefty tariffs.

The upcoming holiday season could be disrupted by a looming strike at Canada’s largest domestic shipping company.

Canada, which buys more U.S. goods than any other nation and is its largest external oil supplier, is bracing for economic disruption now that voters have elected Donald Trump.

Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau.