Canada Imposes Import Curbs on Steel to Address Fallout From Trump Tariffs

OTTAWA—Canada unveiled on Thursday policies to support the domestic steel sector, including a curb on imports. The sector faces financial duress due to President Trump's hefty 50% tariffs on the metal.
Prime Minister Mark Carney said the government would also consider higher tariffs on U.S. steel and aluminum depending on the progress made on a new economic-and-security deal between Ottawa and Washington. Carney and Trump agreed this week on a 30-day time frame to clinch a deal to resolve the current trade conflict between the countries.

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14 minutes ago

• Yahoo

Manitoba sees growth from interprovincial migration for 1st time since 2004

More people moved to Manitoba from other parts of Canada than left during the first quarter of 2025 — a feat the province hasn't accomplished in a quarter since 2004. New data from Statistics Canada says the province benefited from interprovincial migration during the first three months of the year, gaining 106 more people from other provinces and territories than it lost to other jurisdictions. During that period, 4,352 people moved to Manitoba from elsewhere in Canada, while 4,246 people moved away. However, Manitoba's total population rose at its lowest quarterly rate since 2020, as a result of federal policies to curb immigration levels. The province had an estimated population of nearly 1.51 million as of April 1, according to Statistics Canada. Manitoba historically loses more people to interprovincial migration than it gains, but the population still consistently grows on an annual basis, mainly through immigration from other countries. There was a net loss of between 3,500 to 7,000 people annually for the first half of the 2010s, but that number began to grow in later years, aside from a pandemic blip that curtailed travel around the world. It was more than two years ago, in 2022-23, when Manitoba saw a net loss of more than 9,000 people — the highest deficit in decades. In 2024-25, the province lost 2,481 people to interprovincial migration, according to demographic estimates from the Manitoba government. The NDP government took partial credit for Manitoba's interprovincial net gain from the first three months of 2025. Labour and Immigration Minister Malaya Marcelino said the government has been focused on attracting skilled workers and reducing trade barriers. Marcelino said in a news release that Manitoba is a "welcoming province," attracting people because "our economy is strong and there are opportunities to build a good life." Last year, Premier Wab Kinew suggested his government was open to the possibility of tax credits or incentivizing economic development to counteract the province's long-term interprovincial exodus. Kinew said the government can "move the needle" by growing the economy, creating more jobs, maintaining a low cost of living and extolling the province's draws, such as its arts scene. Lower immigration slows growth While Manitoba saw an increase in migrants from other Canadian jurisdictions in early 2025, the province's population increased by 0.2 per cent — its lowest quarterly rate since 2020, when the COVID-19 pandemic depressed population growth. Manitoba saw a net gain of 2,749 migrants from other countries, which is down from the increase of nearly 4,200 reported in the last quarter of 2024. The lower immigration numbers reflect the federal government's decision in 2024 to clamp down on arrivals from other countries. Canada's population rose by 20,107 people from Jan. 1 to April 1, the smallest increase since the third quarter of 2020 and an increase so small that it amounted to 0.0 per cent growth, Statistics Canada said. Immigration still accounted for all of the national population growth, as there were 5,628 more deaths than births in Canada.

Yahoo

37 minutes ago

• Yahoo

Where Will iA Financial Be in 10 Years?

Written by Jitendra Parashar at The Motley Fool Canada The financial sector has been leading the charge on the TSX over the last year, with iA Financial (TSX:IAG) emerging as one of the sector's top performers. After surging 66% in the last 12 months, iA stock now trades around $142 per share and has a market cap of $13.2 billion. At this price, it offers a 2.5% annualized dividend yield. This solid performance might be a reflection of the company's growing asset base, strong earnings momentum, and a business that's executing well across its insurance and wealth management segments. But with IAG stock now priced near all-time highs, the question is whether the company can maintain its current growth trajectory over the next decade. Let's take a closer look at iA Financial stock's key fundamental growth drivers and explore where it could be a decade from now. One big reason for the recent climb in iA Financial stock could be the stable demand for its life and health insurance solutions, as well as its growing wealth management presence. Even on the economic front, things have been supportive for financial stocks. Despite market volatility and concerns over U.S. tariffs and global trade tensions, the Canadian economy has held up reasonably well. iA's exposure to both Canadian and U.S. markets has enabled it to benefit from improving vehicle inventory levels and consumer affordability in the U.S., while also riding the wave of recovery in Canada's wealth and insurance sectors. In fact, its assets under management and administration reached over $264 billion by the end of the first quarter of 2025, reflecting a 15% YoY (year-over-year) jump. That's been a big confidence booster for iA Financial investors. In the first quarter, the financial firm's core earnings grew 19% YoY to $2.91 per share, suggesting that the business isn't just coasting on investor optimism but is also delivering real results. iA Financial recorded gains across all three of its key segments, including insurance, wealth management, and U.S. operations. Its wealth management segment especially performed exceptionally well, with record segregated fund sales surging by 52% from a year ago to cross $1.9 billion. Meanwhile, iA's U.S. operations showed impressive growth last quarter, with the segment's individual insurance sales jumping 62% YoY. And due to its disciplined approach, the company's capital base remains strong with a solvency ratio of 132% and $1.4 billion in capital. At its latest investor event held in February, iA Financial laid out ambitious but achievable goals. Interestingly, the company is targeting over 10% annual growth in earnings per share and an over 17% return on equity by 2027. Also, it expects to keep generating over $650 million in organic capital this year alone, preparing for expansion through smart acquisitions and investments. With its strong balance sheet, consistent dividend, and clear growth roadmap, iA Financial stock looks like more than just a short-term win. If it keeps executing like this, the stock could be trading at a significantly higher level a decade from now – making today's price look like a big bargain. The post Where Will iA Financial Be in 10 Years? appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio

The Hill

37 minutes ago

• The Hill

Stossel calls Trump ‘arrogant bully' but supports him targeting DEI, university funding

Journalist John Stossel said President Trump is an 'arrogant bully' during a special, John Stossel: Give Me Liberty!, set to air Sunday at 7 p.m. ET on NewsNation, while commending policy changes implemented by the White House. 'He's an arrogant bully, but I love it that he's changing the way things were,' Stossel told Connell McShane. The former Fox News reporter said he had 'mixed feelings' about Trump's takedown of some colleges and universities – he criticized the president for his attacks on the universities but indicated he supports pulling some funding. 'Why were we giving these rich institutions so much money anyway?' he asked, later adding, 'I don't like it when he threatens them.' The Trump administration revoked millions in grants from Harvard University, alleging that the school's administration is harboring students with antisemitic views for supporting Palestine amid the war in Gaza. 'America is what America is because everybody has a right to speak and say things that may be stupid or sometimes hurtful,' Stossel said. 'It's important that we have that right, and where Trump implies he's going to cut off the money, well, we shouldn't be giving them the money in the first place,' he added. Stossel noted that money might be better spent supporting the efforts of companies. However, he commended the president for supporting the removal of diversity, equity and inclusion (DEI) initiatives from the federal government in a January executive order. 'It was captured by the left, and it made people afraid to talk to people who were different from them,' Stossel told McShane. 'A Harvard Business School study found that the companies that had good DEI programs the longest hired fewer Black female managers,' he added. 'It just poisons speech and thank God it seems to be over.'