The duties are a retaliation against President Trump’s recent tariffs, raising concerns about further escalation.

Canada imposed tariffs of 15% to 50% on hundreds of products from the US as Prime Minister Mark Carney bets that standing up to President Donald Trump will help Ottawa's negotiating position. Bloomberg's Rosalind Mathieson has the context.

Canada’s retaliatory tariffs on about $20 billion worth of U.S. goods take effect Tuesday, turning its escalating trade war with President Donald Trump into a test watched far beyond the border: Can a

The counter-tariffs cover $20 billion of U.S. goods, with duties ranging from 15% to 50% across products from steel and furniture to clothing and electronics.

Saudi Aramco oil facilities were reportedly struck in fresh attacks. Meanwhile, the U.S. and Iran fired on each other's ships over the weekend in an escalation of hostilities. Oil prices rose to a six-week high on Monday as the U.

Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.

Global oil prices hit multi-week highs and neared the $100 per barrel mark on Monday, following another escalation of tensions between U.S. and Iran.

Oil prices continued to rise in early European morning trade after Iranian forces fired ballistic missiles on two U.S. Navy warships, representing a fresh escalation in the six-month conflict.Brent crude oil traded close to $97 a barrel as both the U.